Neo Performance Materials (TSE:NEO) Trading 3.5% Higher - Here's Why

Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price traded up 3.5% during trading on Thursday . The stock traded as high as C$10.28 and last traded at C$10.25. 331,764 shares were traded during mid-day trading, an increase of 204% from the average session volume of 109,168 shares. The stock had previously closed at C$9.90.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.

Neo Performance Materials Stock Performance

The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. The stock has a market cap of C$299.99 million, a price-to-earnings ratio of -134.61 and a beta of 1.38. The company has a 50 day simple moving average of C$9.96 and a 200 day simple moving average of C$8.84.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.

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