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

NanoXplore Inc. (TSE:GRA)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$1.67 and last traded at C$1.77, with a volume of 202549 shares traded. The stock had previously closed at C$1.84.

Analyst Upgrades and Downgrades

Separately, Ventum Financial raised their price objective on shares of NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$3.10.

NanoXplore Price Performance

The company has a market capitalization of C$324.76 million, a price-to-earnings ratio of -25.57 and a beta of -0.05. The company has a current ratio of 3.24, a quick ratio of 2.01 and a debt-to-equity ratio of 37.71. The company has a 50 day moving average price of C$2.25 and a 200 day moving average price of C$2.47.

NanoXplore (TSE:GRA) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$27.58 million for the quarter. NanoXplore had a negative net margin of 10.30% and a negative return on equity of 11.28%. As a group, equities research analysts forecast that NanoXplore Inc. will post 0.02 earnings per share for the current year.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.