Nouveau Monde Graphite (CVE:NOU) Upgraded to “Hold” at National Bank Financial

National Bank Financial upgraded shares of Nouveau Monde Graphite (CVE:NOU) to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Separately, National Bankshares set a C$3.50 price objective on shares of Nouveau Monde Graphite and gave the stock a “sector perform” rating in a research report on Friday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nouveau Monde Graphite presently has an average rating of “Hold” and an average target price of C$3.50.

Nouveau Monde Graphite Stock Performance

CVE:NOU opened at C$3.24 on Thursday. The company’s 50-day moving average price is C$3.24 and its 200-day moving average price is C$3.24. The company has a current ratio of 1.74, a quick ratio of 1.29 and a debt-to-equity ratio of 16.18. The company has a market cap of C$493.33 million, a P/E ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a twelve month low of C$1.70 and a twelve month high of C$4.14.

About Nouveau Monde Graphite

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.