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

by Mike Robinson

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© Reuters. Meta Materials is a good technology stock to add to your portfolio?

Meta Materials, a smart materials company (MMAT), made its debut on the stock exchange through a reverse merger of Torchlight Energy Resources and Meta Materials (NASDAQ:). Given the company’s weak fundamentals and stretched valuations, is the stock worth betting on now? Find out more. Meta Materials Inc. (MMAT), a Canada-based smart and photonics company, is involved in the development and production of a broad range functional materials as well as nanocomposites. The company was made public by a reverse deal with Torchlight Energy Resources on June 28, 2021.

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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