NanoXplore (TSE:GRA) Stock Jumps 5.9% – Here’s Why

Shares of NanoXplore Inc. (TSE:GRA) shot up 5.9% during mid-day trading on Thursday. The stock traded as high as C$1.27 and last traded at C$1.25. 122,223 shares traded hands during trading, a decline of 31% from the average session volume of 177,038 shares. The stock had previously closed at C$1.18.

Analyst Ratings Changes

GRA has been the topic of several research reports. Royal Bank Of Canada lowered their target price on NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday, September 16th. National Bank Financial cut their price target on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NanoXplore has a consensus rating of “Hold” and an average price target of C$2.65.

NanoXplore Stock Performance

The company has a market capitalization of C$228.67 million, a PE ratio of -18.00 and a beta of -0.17. The stock’s fifty day simple moving average is C$1.44 and its 200-day simple moving average is C$1.84. The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.