Shares of Neo Performance Materials Inc. (TSE:NEO - Get Free Report) shot up 16.8% during mid-day trading on Wednesday . The stock traded as high as C$10.88 and last traded at C$10.82. 404,363 shares were traded during mid-day trading, an increase of 392% from the average session volume of 82,119 shares. The stock had previously closed at C$9.26.
Analyst Ratings Changes
Separately, Stifel Nicolaus increased their target price on Neo Performance Materials from C$15.00 to C$16.50 and gave the stock a "buy" rating in a research note on Wednesday, March 19th.
View Our Latest Analysis on Neo Performance Materials
Neo Performance Materials Stock Performance
The stock has a market capitalization of C$291.79 million, a PE ratio of -130.94 and a beta of 1.38. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. The firm's 50 day moving average is C$8.51 and its two-hundred day moving average is C$8.27.
About Neo Performance Materials
(
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Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.
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