NanoXplore (TSE:GRA) Reaches New 1-Year Low – Time to Sell?

Shares of NanoXplore Inc. (TSE:GRA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.66 and last traded at C$1.68, with a volume of 223921 shares changing hands. The stock had previously closed at C$1.70.

NanoXplore Price Performance

The company has a debt-to-equity ratio of 40.07, a current ratio of 2.87 and a quick ratio of 2.01. The stock has a market capitalization of C$303.08 million, a P/E ratio of -20.88 and a beta of -0.01. The stock’s fifty day moving average is C$2.02 and its 200-day moving average is C$2.17.

NanoXplore (TSE:GRA) last posted its earnings results on Wednesday, May 13th. The company reported C($0.01) earnings per share for the quarter. NanoXplore had a negative net margin of 10.91% and a negative return on equity of 11.76%. The company had revenue of C$32.35 million for the quarter. On average, equities analysts anticipate that NanoXplore Inc. will post 0.02 earnings per share for the current year.

Insider Transactions at NanoXplore

In related news, insider Pedro Azevedo Azevedo bought 58,000 shares of NanoXplore stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average cost of C$1.91 per share, for a total transaction of C$110,780.00. Following the acquisition, the insider owned 85,000 shares in the company, valued at C$162,350. This trade represents a 214.81% increase in their ownership of the stock. Also, insider Rocco Marinaccio bought 53,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of C$1.91 per share, with a total value of C$101,230.00. Following the transaction, the insider directly owned 290,830 shares of the company’s stock, valued at approximately C$555,485.30. This trade represents a 22.28% increase in their ownership of the stock. In the last three months, insiders have bought 116,000 shares of company stock worth $221,510. 29.82% of the stock is currently owned by insiders.

NanoXplore Company Profile

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.