Nouveau Monde Graphite (CVE:NOU) Rating Increased to Strong-Buy at Jefferies Financial Group

Nouveau Monde Graphite (CVE:NOU) was upgraded by research analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Nouveau Monde Graphite Stock Up 5.5%

Nouveau Monde Graphite stock opened at C$3.24 on Wednesday. Nouveau Monde Graphite has a 12 month low of C$1.70 and a 12 month high of C$4.14. The business has a 50 day simple moving average of C$3.24 and a 200-day simple moving average of C$3.24. The company has a debt-to-equity ratio of 105.58, a current ratio of 3.58 and a quick ratio of 1.29. The stock has a market capitalization of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82.

About Nouveau Monde Graphite

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.