NanoXplore (TSE:GRA) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

NanoXplore Inc. (TSE:GRA) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$1.40 and traded as high as C$1.47. NanoXplore shares last traded at C$1.46, with a volume of 175,054 shares.

Analyst Ratings Changes

GRA has been the subject of several research analyst reports. Royal Bank Of Canada cut their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a research note on Wednesday, September 16th. National Bank Financial decreased their price target on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.65.

NanoXplore Trading Up 6.6%

The stock has a market cap of C$264.97 million, a PE ratio of -20.86 and a beta of -0.47. The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58. The stock has a fifty day moving average price of C$1.40 and a 200 day moving average price of C$1.80.

NanoXplore Company Profile

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.