Shares of Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Free Report) fell 1.6% on Tuesday . The company traded as low as $0.45 and last traded at $0.49. 94,695 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 76,109 shares. The stock had previously closed at $0.50.
Northern Lights Acquisition Stock Performance
The company has a 50 day moving average price of $0.61 and a 200-day moving average price of $1.11.
Northern Lights Acquisition Company Profile
Northern Lights Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in New York, New York.
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