NanoXplore (TSE:GRA) Trading Up 0.4% – Here’s Why

Shares of NanoXplore Inc. (TSE:GRA) traded up 0.4% during trading on Tuesday . The company traded as high as C$2.53 and last traded at C$2.50. 53,214 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 151,939 shares. The stock had previously closed at C$2.49.

Analyst Ratings Changes

Separately, Ventum Financial upped their price target on shares of NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$3.08.

NanoXplore Stock Performance

The stock has a market capitalization of C$453.57 million, a PE ratio of -41.67 and a beta of 0.22. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81. The firm has a 50 day moving average price of C$2.42 and a 200-day moving average price of C$2.66.

NanoXplore (TSE:GRA) last issued its earnings results on Wednesday, November 12th. The company reported C($0.02) EPS for the quarter. NanoXplore had a negative net margin of 8.09% and a negative return on equity of 10.48%. The firm had revenue of C$23.44 million during the quarter. Research analysts expect that NanoXplore Inc. will post 0.02 EPS for the current fiscal year.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.