Headquartered in Dartmouth, Canada, Meta Materials Inc. (MMAT) designs, develops, and manufactures functional materials. Its technology platform enables producers to deliver products to their customers in consumer electronics, fifth-generation (5G) communications, health and wellness, aerospace, automotive, and clean energy. Last year the company began trading under the ticker symbol “MMAT” after closing a reverse takeover deal with the oil and gas producer Torchlight Energy Resources.
MMAT shares have slumped 63.3% in price over the past year and 31.7% year-to-date to close the last trading session at $1.68. However, the stock has gained 26.3% over the past month, driven, apparently, by optimism around its first granted U.S. patent for a non-invasive glucose sensing system and topline growth in the last reported quarter.
