NanoXplore (TSE:GRA) Shares Up 6.4% - Still a Buy?

NanoXplore Inc. (TSE:GRA - Get Free Report) shares rose 6.4% during mid-day trading on Friday . The stock traded as high as C$2.50 and last traded at C$2.50. Approximately 124,119 shares changed hands during trading, an increase of 45% from the average daily volume of 85,801 shares. The stock had previously closed at C$2.35.

Wall Street Analysts Forecast Growth

GRA has been the topic of several research reports. Royal Bank Of Canada lowered NanoXplore from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. National Bank Financial upgraded NanoXplore to a "hold" rating in a report on Sunday, June 8th. Finally, 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 report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$2.77.

NanoXplore Stock Performance

The company has a market capitalization of C$491.73 million, a price-to-earnings ratio of -44.20 and a beta of 1.26. The stock has a 50-day moving average price of C$2.36 and a 200-day moving average price of C$2.41. The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01.

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.