NanoXplore (TSE:GRA) Shares Climb 5.9% – Time to Buy?

Shares of NanoXplore Inc. (TSE:GRA) were up 5.9% during mid-day trading on Thursday. The company traded as high as C$1.27 and last traded at C$1.25. 122,223 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 177,038 shares. The stock had previously closed at C$1.18.

Wall Street Analyst Weigh In

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

NanoXplore Price Performance

The stock has a market cap of C$232.30 million, a PE ratio of -18.29 and a beta of -0.17. The company has a current ratio of 2.58, a quick ratio of 2.01 and a debt-to-equity ratio of 42.69. The firm’s 50-day moving average price is C$1.43 and its two-hundred day moving average price is C$1.83.

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.