NanoXplore (TSE:GRA) Shares Climb 5.9% – Here’s Why

NanoXplore Inc. (TSE:GRA) shares were up 5.9% during trading on Thursday. The stock traded as high as C$1.27 and last traded at C$1.25. Approximately 122,223 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 177,038 shares. The stock had previously closed at C$1.18.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GRA. Royal Bank Of Canada cut their price objective on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday, September 16th. National Bank Financial lowered their target price on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NanoXplore presently has an average rating of “Hold” and an average target price of C$2.65.

NanoXplore Price Performance

The stock has a market cap of C$228.67 million, a PE ratio of -18.00 and a beta of -0.17. The company has a quick ratio of 2.01, a current ratio of 2.58 and a debt-to-equity ratio of 42.69. The company’s fifty day moving average is C$1.44 and its 200 day moving average is C$1.84.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.