NanoXplore (TSE:GRA) Stock Price Down 1.6% – Here’s What Happened

NanoXplore Inc. (TSE:GRA) shares dropped 1.6% during mid-day trading on Monday . The stock traded as low as C$1.78 and last traded at C$1.79. Approximately 59,729 shares were traded during trading, a decline of 72% from the average daily volume of 212,190 shares. The stock had previously closed at C$1.82.

NanoXplore Trading Down 1.6%

The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 40.07. The firm’s 50 day simple moving average is C$2.08 and its 200-day simple moving average is C$2.21. The company has a market capitalization of C$324.86 million, a PE ratio of -22.38 and a beta of -0.01.

NanoXplore (TSE:GRA) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. NanoXplore had a negative return on equity of 11.76% and a negative net margin of 10.91%.The business had revenue of C$32.35 million for the quarter. As a group, equities research analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current year.

Insider Activity at NanoXplore

In other NanoXplore news, insider Rocco Marinaccio acquired 53,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was bought at an average cost of C$1.91 per share, for a total transaction of C$101,230.00. Following the completion of the purchase, the insider directly owned 290,830 shares in the company, valued at C$555,485.30. This represents a 22.28% increase in their ownership of the stock. Also, insider Pedro Azevedo Azevedo bought 58,000 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was purchased at an average price of C$1.91 per share, with a total value of C$110,780.00. Following the completion of the purchase, the insider directly owned 85,000 shares of the company’s stock, valued at approximately C$162,350. This trade represents a 214.81% increase in their position. Over the last quarter, insiders have acquired 116,000 shares of company stock valued at $221,510. 29.82% of the stock is owned by insiders.

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.