NanoXplore (TSE:GRA) Insider Acquires C$101,230.00 in Stock

NanoXplore Inc. (TSE:GRA) insider Rocco Marinaccio purchased 53,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were 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 acquisition, the insider directly owned 290,830 shares in the company, valued at C$555,485.30. The trade was a 22.28% increase in their position.

Rocco Marinaccio also recently made the following trade(s):

• On Wednesday, March 25th, Rocco Marinaccio acquired 5,000 shares of NanoXplore stock. The stock was bought at an average cost of C$1.90 per share, with a total value of C$9,500.00.

NanoXplore Price Performance

NanoXplore stock traded up C$0.07 during mid-day trading on Wednesday, reaching C$1.90. The company had a trading volume of 5,260,318 shares, compared to its average volume of 239,833. NanoXplore Inc. has a fifty-two week low of C$1.67 and a fifty-two week high of C$3.34. The company has a current ratio of 3.24, a quick ratio of 2.01 and a debt-to-equity ratio of 37.71. The company has a market cap of C$344.72 million, a P/E ratio of -27.14 and a beta of -0.05. The business has a fifty day simple moving average of C$2.22 and a 200 day simple moving average of C$2.44.

NanoXplore (TSE:GRA) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C($0.02) earnings per share (EPS) for the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%.The company had revenue of C$27.58 million for the quarter. On average, equities research analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

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

NanoXplore Company Profile

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.