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Is Meta Materials a Good Technology Stock to Add to Your Portfolio?

Published 10/08/2021, 11:58 AM
Updated 10/08/2021, 01:30 PM
© Reuters.  Is Meta Materials a Good Technology Stock to Add to Your Portfolio?

Smart materials company Meta Materials (MMAT) made its stock market debut through a reverse merger with Torchlight Energy Resources (NASDAQ:MMAT). Given the company’s weak fundamentals and stretched valuations, is the stock worth betting on now? Read more to find out.Meta Materials Inc. (MMAT) is a Canada-based smart materials and photonics company engaged in developing and manufacturing a wide range of functional materials and nanocomposites. On June 28, 2021, the company went public through a reverse takeover deal with the energy company Torchlight Energy Resources.

The stock has declined 30.6% over the past three months and 9.3% over the past month to close yesterday’s trading session at $5.30.

Though the company is working through various collaborative research and projects to accelerate its growth, the stock’s bloated valuation and inadequate financial strength could make investors worried.

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Latest comments

this stock is redic.. how much negative result does one need to stay away??
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