NanoXplore (TSE:GRA) Hits New 12-Month Low – What’s Next?

Shares of NanoXplore Inc. (TSE:GRA) hit a new 52-week low during trading on Tuesday. The company traded as low as C$1.28 and last traded at C$1.32, with a volume of 63,246 shares traded. The stock had previously closed at C$1.33.

Wall Street Analyst Weigh In

GRA has been the subject of a number of analyst reports. National Bank Financial reduced their price objective on shares of 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. Royal Bank Of Canada lowered their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$2.65.

NanoXplore Trading Down 9.2%

The business’s 50 day simple moving average is C$1.53 and its 200-day simple moving average is C$1.74. The stock has a market capitalization of C$214.15 million, a P/E ratio of -16.86 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.

About NanoXplore

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.