NanoXplore Inc. (TSE:GRA - Get Free Report) was up 1.7% during mid-day trading on Friday . The company traded as high as C$3.03 and last traded at C$3.00. Approximately 201,503 shares were traded during trading, an increase of 112% from the average daily volume of 94,928 shares. The stock had previously closed at C$2.95.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on GRA shares. National Bankshares downgraded shares of NanoXplore from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$3.00 to C$2.80 in a report on Thursday, May 22nd. National Bank Financial upgraded shares of NanoXplore to a "hold" rating in a research note on Sunday, June 8th. Finally, Royal Bank Of Canada cut shares of NanoXplore from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$2.77.
Check Out Our Latest Stock Report on GRA
NanoXplore Stock Down 2.8%
The stock has a market cap of C$479.74 million, a P/E ratio of -43.12 and a beta of 1.26. The company's 50 day moving average price is C$2.62 and its two-hundred day moving average price is C$2.47. The company has a current ratio of 2.22, a quick ratio of 2.01 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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