Nouveau Monde Graphite (NYSE:NMG - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04), Zacks reports.
Nouveau Monde Graphite Stock Performance
NMG traded down $0.0050 during trading hours on Wednesday, reaching $1.8450. The company's stock had a trading volume of 7,335 shares, compared to its average volume of 88,606. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $2.5747. The company's 50-day moving average is $1.84 and its 200-day moving average is $1.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 1.70. The firm has a market cap of $207.71 million, a PE ratio of -5.26 and a beta of 0.74.
Institutional Investors Weigh In On Nouveau Monde Graphite
A hedge fund recently raised its stake in Nouveau Monde Graphite stock. XTX Topco Ltd boosted its holdings in Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 100.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,522 shares of the company's stock after acquiring an additional 12,811 shares during the period. XTX Topco Ltd's holdings in Nouveau Monde Graphite were worth $42,000 as of its most recent filing with the Securities and Exchange Commission. 41.09% of the stock is owned by institutional investors.
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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