NexMetals Mining (NASDAQ:NEXM) Announces Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) issued its quarterly earnings data on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, Zacks reports.

NexMetals Mining Price Performance

NexMetals Mining stock opened at $2.19 on Wednesday. The firm has a market cap of $77.90 million and a PE ratio of -2.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.72 and a quick ratio of 7.72. The stock’s fifty day moving average price is $2.28 and its two-hundred day moving average price is $2.72. NexMetals Mining has a one year low of $2.03 and a one year high of $6.65.

Institutional Trading of NexMetals Mining

Large investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in NexMetals Mining in the fourth quarter valued at about $73,000. Marshall Wace LLP grew its stake in NexMetals Mining by 123.0% during the fourth quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock worth $534,000 after buying an additional 75,347 shares in the last quarter. Bank of America Corp DE acquired a new stake in NexMetals Mining during the third quarter worth about $2,052,000. Federation des caisses Desjardins du Quebec increased its holdings in NexMetals Mining by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock valued at $1,920,000 after buying an additional 42,403 shares during the period. Finally, Condire Management LP bought a new position in NexMetals Mining in the 4th quarter valued at about $13,738,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NexMetals Mining in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.