Nouveau Monde Graphite (CVE:NOU) Shares Down 4.1%

Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report) shares traded down 4.1% on Monday . The company traded as low as C$2.75 and last traded at C$2.83. 42,407 shares traded hands during trading, a decline of 37% from the average session volume of 67,684 shares. The stock had previously closed at C$2.95.

Nouveau Monde Graphite Stock Performance

The stock has a market capitalization of C$260.67 million, a price-to-earnings ratio of -3.58 and a beta of 1.90. The company has a current ratio of 5.48, a quick ratio of 1.29 and a debt-to-equity ratio of 84.23. The firm has a 50-day moving average of C$3.12 and a 200-day moving average of C$3.25.

Nouveau Monde Graphite (CVE:NOUGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.23) by C($0.04). As a group, sell-side analysts predict that Nouveau Monde Graphite Inc. will post -0.46 earnings per share for the current year.

Nouveau Monde Graphite Company Profile

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Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.

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