Pedro Azevedo Azevedo Purchases 58,000 Shares of NanoXplore (TSE:GRA) Stock

NanoXplore Inc. (TSE:GRA) insider Pedro Azevedo Azevedo purchased 58,000 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average price of C$1.91 per share, for a total transaction of C$110,780.00. Following the acquisition, the insider directly owned 85,000 shares of the company’s stock, valued at C$162,350. This trade represents a 214.81% increase in their ownership of the stock.

NanoXplore Stock Down 2.5%

Shares of TSE:GRA opened at C$1.93 on Friday. The firm has a 50 day simple moving average of C$2.19 and a 200 day simple moving average of C$2.43. NanoXplore Inc. has a 52 week low of C$1.67 and a 52 week high of C$3.34. The company has a debt-to-equity ratio of 37.71, a quick ratio of 2.01 and a current ratio of 3.24. The company has a market cap of C$350.16 million, a PE ratio of -27.57 and a beta of -0.05.

NanoXplore (TSE:GRA) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.02) earnings per share for the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%.The firm had revenue of C$27.58 million for the quarter. As a group, research analysts expect that NanoXplore Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Ventum Financial lifted their price target on NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NanoXplore has an average rating of “Hold” and an average target price of C$3.10.

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.