NanoXplore (TSE:GRA) Sets New 12-Month Low – Here’s What Happened

NanoXplore Inc. (TSE:GRA) hit a new 52-week low on Monday. The stock traded as low as C$1.18 and last traded at C$1.19, with a volume of 31,789 shares traded. The stock had previously closed at C$1.20.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GRA. Royal Bank Of Canada lowered their price objective on NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a research note on Wednesday, September 16th. National Bank Financial dropped their target price on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a report on Thursday, September 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$2.65.

NanoXplore Price Performance

The firm has a market cap of C$217.78 million, a P/E ratio of -17.14 and a beta of -0.17. The company has a debt-to-equity ratio of 42.69, a current ratio of 2.58 and a quick ratio of 2.01. The stock’s 50-day simple moving average is C$1.52 and its two-hundred day simple moving average is C$1.73.

NanoXplore Company Profile

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.