Shares of Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Free Report) were down 1.6% during trading on Tuesday . The stock traded as low as $0.45 and last traded at $0.49. Approximately 94,695 shares traded hands during trading, an increase of 24% from the average daily volume of 76,109 shares. The stock had previously closed at $0.50.
Northern Lights Acquisition Trading Down 1.6 %
The company’s fifty day moving average is $0.61 and its 200 day moving average is $1.11.
About Northern Lights Acquisition
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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