Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price shot up 6.8% during trading on Friday . The stock traded as high as C$10.97 and last traded at C$10.90. 454,901 shares were traded during mid-day trading, an increase of 407% from the average session volume of 89,792 shares. The stock had previously closed at C$10.21.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus boosted their target price on Neo Performance Materials from C$15.00 to C$16.50 and gave the stock a "buy" rating in a research note on Wednesday, March 19th.
Check Out Our Latest Stock Report on Neo Performance Materials
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 company has a market cap of C$330.42 million, a P/E ratio of -148.27 and a beta of 1.38. The company's 50-day moving average is C$8.80 and its two-hundred day moving average is C$8.39.
Neo Performance Materials Company Profile
(
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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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