Shares of Neo Performance Materials Inc. (TSE:NEO - Get Free Report) were up 16.8% on Tuesday . The company traded as high as C$10.88 and last traded at C$10.82. Approximately 404,363 shares changed hands during trading, an increase of 392% from the average daily volume of 82,119 shares. The stock had previously closed at C$9.26.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus lifted their target price on shares of 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.
Read Our Latest Analysis on Neo Performance Materials
Neo Performance Materials Trading Down 0.9 %
The company has a 50 day simple moving average of C$8.51 and a two-hundred day simple moving average of C$8.26. 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 has a market cap of C$292.67 million, a PE ratio of -131.33 and a beta of 1.38.
Neo Performance Materials Company Profile
(
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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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