NexMetals Mining (NASDAQ:NEXM) Shares Down 0.5% – What’s Next?

NexMetals Mining Corp. (NASDAQ:NEXM)’s stock price was down 0.5% during mid-day trading on Tuesday . The company traded as low as $3.97 and last traded at $4.06. Approximately 91,327 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 65,358 shares. The stock had previously closed at $4.08.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NEXM shares. Zacks Research raised shares of NexMetals Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

NexMetals Mining Price Performance

The stock has a market capitalization of $144.09 million and a PE ratio of -3.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.53 and a current ratio of 2.53. The business’s 50-day moving average price is $3.76.

NexMetals Mining (NASDAQ:NEXM) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.54) earnings per share for the quarter.

Institutional Investors Weigh In On NexMetals Mining

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in shares of NexMetals Mining in the third quarter worth $2,052,000. Villere ST Denis J & Co. LLC purchased a new stake in NexMetals Mining during the 3rd quarter worth $256,000. Finally, Cibc World Market Inc. purchased a new stake in NexMetals Mining during the 3rd quarter worth $193,000.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.