NanoXplore (TSE:GRA) Reaches New 12-Month High - Here's Why

Key Points

• NanoXplore Inc. shares recently hit a new 52-week high, reaching C$3.23 before closing at C$3.20, with a trading volume of 58,030 shares.
• Analyst ratings have been mixed, with National Bankshares downgrading the stock from "outperform" to "sector perform," while Royal Bank of Canada also downgraded it, reducing its target price to C$2.50.
• The company, which specializes in producing graphene for industrial markets, has an average target price of C$2.77 and is primarily generating revenue from the United States.

NanoXplore Inc. (TSE:GRA - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.23 and last traded at C$3.20, with a volume of 58030 shares traded. The stock had previously closed at C$3.13.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. National Bankshares downgraded NanoXplore from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$3.00 to C$2.80 in a research report on Thursday, May 22nd. National Bank Financial upgraded NanoXplore to a "hold" rating in a research report on Sunday, June 8th. Finally, Royal Bank Of Canada downgraded NanoXplore from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$3.00 to C$2.50 in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$2.77.

NanoXplore Price Performance

The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The firm has a fifty day moving average of C$2.69 and a two-hundred day moving average of C$2.49. The stock has a market capitalization of C$549.98 million, a P/E ratio of -49.44 and a beta of 1.26.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.

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