NanoXplore Inc. (TSE:GRA - Get Free Report)'s share price shot up 0.4% during trading on Wednesday . The company traded as high as C$2.42 and last traded at C$2.42. 30,859 shares changed hands during trading, a decline of 65% from the average session volume of 88,173 shares. The stock had previously closed at C$2.41.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on GRA. Royal Bank Of Canada lowered NanoXplore from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$3.00 to C$2.50 in a research report on Wednesday, May 21st. National Bank Financial upgraded shares of NanoXplore to a "hold" rating in a research note on Sunday, June 8th. Finally, National Bankshares cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$3.00 to C$2.80 in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$2.77.
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NanoXplore Stock Performance
The company has a market capitalization of C$406.06 million, a PE ratio of -36.50 and a beta of 1.26. The firm has a 50-day moving average of C$2.36 and a two-hundred day moving average of C$2.40. 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
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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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