NanoXplore Inc. (TSE:GRA – Get Free Report) shares rose 15.4% during mid-day trading on Wednesday after Royal Bank Of Canada raised their price target on the stock from C$1.75 to C$2.00. Royal Bank Of Canada currently has a sector perform rating on the stock. NanoXplore traded as high as C$1.55 and last traded at C$1.50. Approximately 107,817 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 175,287 shares. The stock had previously closed at C$1.30.
Separately, National Bank Financial reduced their price objective on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$2.73.
Check Out Our Latest Stock Report on GRA
NanoXplore Price Performance
The business has a 50-day moving average of C$1.38 and a 200 day moving average of C$1.78. The company has a current ratio of 2.48, a quick ratio of 2.01 and a debt-to-equity ratio of 44.37. The firm has a market capitalization of C$263.16 million, a P/E ratio of -20.71 and a beta of -0.47.
NanoXplore (TSE:GRA – Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$31.81 million during the quarter. NanoXplore had a negative net margin of 9.27% and a negative return on equity of 10.17%. On average, sell-side analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current fiscal year.
NanoXplore Company Profile
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.
See Also
- Five stocks we like better than NanoXplore
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
- Golden Dome’s $185 Billion Question: Who Actually Gets Paid?
Receive News & Ratings for NanoXplore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NanoXplore and related companies with MarketBeat.com's FREE daily email newsletter.
