Nouveau Monde Graphite (CVE:NOU) Reaches New 52-Week Low – Time to Sell?

Shares of Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$1.75 and last traded at C$1.78, with a volume of 15241 shares traded. The stock had previously closed at C$1.78.

Nouveau Monde Graphite Stock Performance

The company has a debt-to-equity ratio of 15.36, a current ratio of 1.85 and a quick ratio of 1.29. The stock’s 50-day moving average price is C$2.00 and its 200 day moving average price is C$2.31. The firm has a market cap of C$196.96 million, a P/E ratio of -1.75 and a beta of 1.82.

Nouveau Monde Graphite Company Profile

(Get Free Report)

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.

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