Nouveau Monde Graphite (NYSE:NMG - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.08), Zacks reports.
Nouveau Monde Graphite Trading Down 7.6 %
Shares of NYSE:NMG traded down $0.11 on Friday, reaching $1.36. 28,364 shares of the company traded hands, compared to its average volume of 66,304. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $2.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business's 50-day simple moving average is $1.75 and its 200 day simple moving average is $1.62. The stock has a market capitalization of $152.99 million, a P/E ratio of -2.12 and a beta of 0.78.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Roth Mkm cut their price objective on Nouveau Monde Graphite from $3.00 to $2.40 and set a "buy" rating for the company in a report on Wednesday, March 26th. HC Wainwright lowered their price objective on shares of Nouveau Monde Graphite from $3.00 to $2.75 and set a "buy" rating on the stock in a research report on Tuesday.
Read Our Latest Research Report on Nouveau Monde Graphite
About Nouveau Monde Graphite
(
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Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.
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