NanoXplore (TSE:GRA) Stock Price Down 3.2% - Here's Why

Key Points

• NanoXplore Inc. shares fell by 3.2%, trading as low as C$2.67, with approximately 90,826 shares exchanged, marking an 8% decrease in trading volume from average.
• The company, which has a market cap of C$457.23 million and a PE ratio of -44.67, operates primarily in the graphene market, providing products to sectors like transportation and electronics.
• NanoXplore generates a substantial portion of its revenue from the United States and has solid liquidity ratios, including a quick ratio of 2.01 and current ratio of 2.22.

NanoXplore Inc. (TSE:GRA - ) shares dropped 3.2% during mid-day trading on Monday . The company traded as low as C$2.67 and last traded at C$2.68. Approximately 90,826 shares changed hands during trading, a decline of 8% from the average daily volume of 98,468 shares. The stock had previously closed at C$2.77.

NanoXplore Price Performance

The company has a market cap of C$457.23 million, a PE ratio of -44.67 and a beta of 0.17. The business's 50 day moving average price is C$2.98 and its 200-day moving average price is C$2.63. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 21.81.

About NanoXplore

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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