NanoXplore (TSE:GRA) Trading 2.9% Higher – What’s Next?

Shares of NanoXplore Inc. (TSE:GRAGet Free Report) rose 2.9% during trading on Monday . The company traded as high as C$2.32 and last traded at C$2.32. Approximately 39,354 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 60,022 shares. The stock had previously closed at C$2.25.

Analyst Ratings Changes

Separately, Ventum Cap Mkts upgraded shares of NanoXplore to a “strong-buy” rating in a research report on Thursday, September 12th.

Get Our Latest Research Report on GRA

NanoXplore Price Performance

The company has a debt-to-equity ratio of 19.36, a quick ratio of 2.01 and a current ratio of 2.08. The company has a 50-day moving average price of C$2.41 and a 200-day moving average price of C$2.43. The firm has a market capitalization of C$371.93 million, a P/E ratio of -31.14 and a beta of 1.26.

NanoXplore (TSE:GRAGet Free Report) last announced its quarterly earnings results on Wednesday, September 18th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). The business had revenue of C$38.13 million for the quarter, compared to the consensus estimate of C$37.37 million. NanoXplore had a negative net margin of 8.97% and a negative return on equity of 10.42%. On average, sell-side analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current year.

About NanoXplore

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NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.

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