Shares of Northern Lights Acquisition Corp. (NASDAQ:NLIT – Get Free Report) were down 4.6% during mid-day trading on Monday . The stock traded as low as $0.33 and last traded at $0.39. Approximately 224,376 shares traded hands during mid-day trading, an increase of 195% from the average daily volume of 76,109 shares. The stock had previously closed at $0.41.
Northern Lights Acquisition Trading Up 5.8 %
The company has a 50 day moving average of $0.79 and a 200-day moving average of $1.12.
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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