NanoXplore (TSE:GRA) Sets New 52-Week Low – Here’s What Happened

NanoXplore Inc. (TSE:GRA) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.66 and last traded at C$1.68, with a volume of 223921 shares. The stock had previously closed at C$1.70.

NanoXplore Stock Down 0.6%

The business has a 50-day moving average price of C$2.04 and a 200 day moving average price of C$2.18. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 40.07. The stock has a market capitalization of C$306.71 million, a P/E ratio of -21.12 and a beta of -0.01.

NanoXplore (TSE:GRA) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$32.35 million during the quarter. NanoXplore had a negative return on equity of 11.76% and a negative net margin of 10.91%. On average, equities analysts expect that NanoXplore Inc. will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other NanoXplore news, insider Pedro Azevedo Azevedo acquired 58,000 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was acquired at an average cost of C$1.91 per share, with a total value of C$110,780.00. Following the purchase, the insider directly owned 85,000 shares of the company’s stock, valued at approximately C$162,350. This represents a 214.81% increase in their position. Also, insider Rocco Marinaccio bought 53,000 shares of NanoXplore stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average price of C$1.91 per share, for a total transaction of C$101,230.00. Following the completion of the acquisition, the insider owned 290,830 shares in the company, valued at approximately C$555,485.30. The trade was a 22.28% increase in their ownership of the stock. Insiders acquired a total of 116,000 shares of company stock valued at $221,510 over the last three months. Corporate insiders own 29.82% of the company’s stock.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.