Mason Graphite Inc. Sells 16,713,664 Shares of NanoXplore Inc (CVE:GRA) Stock

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NanoXplore Inc (CVE:GRA) insider Mason Graphite Inc. sold 16,713,664 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$1.30, for a total value of C$21,727,763.20. Following the completion of the sale, the insider now owns 5,474,669 shares in the company, valued at C$7,117,069.70.

GRA stock opened at C$1.54 on Thursday. The company has a debt-to-equity ratio of 76.56, a quick ratio of 1.95 and a current ratio of 2.34. The stock has a market capitalization of $163.46 million and a price-to-earnings ratio of -19.49. NanoXplore Inc has a 1 year low of C$1.03 and a 1 year high of C$1.64. The stock’s fifty day moving average is C$1.43 and its two-hundred day moving average is C$1.31.

Separately, Beacon Securities reiterated a “buy” rating on shares of NanoXplore in a research note on Tuesday, May 28th.

About NanoXplore

NanoXplore, Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. It offers graphene-based solutions, including GrapheneBlack powder, graphene-plastic masterbatch pellets, and graphene-enhanced polymers. The company also provides standard and custom enhanced thermoplastic products to customers in transportation, packaging, electronics, and other industrial sectors.

Read More: Certificate of Deposit (CD)

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