NanoXplore (TSE:GRA) Sets New 52-Week Low – Here’s What Happened

NanoXplore Inc. (TSE:GRA) reached a new 52-week low during trading on Thursday . The stock traded as low as C$1.66 and last traded at C$1.68, with a volume of 223921 shares traded. The stock had previously closed at C$1.70.

NanoXplore Price Performance

The company has a debt-to-equity ratio of 40.07, a current ratio of 2.87 and a quick ratio of 2.01. The firm has a market cap of C$306.71 million, a P/E ratio of -21.12 and a beta of -0.01. The stock’s 50-day simple moving average is C$2.04 and its two-hundred day simple moving average is C$2.18.

NanoXplore (TSE:GRA) last announced its earnings results on Wednesday, May 13th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$32.35 million during the quarter. NanoXplore had a negative net margin of 10.91% and a negative return on equity of 11.76%. Equities research analysts forecast that NanoXplore Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity

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