Nouveau Monde Graphite (NYSE:NMG - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect Nouveau Monde Graphite to post earnings of ($0.07) per share for the quarter.
Nouveau Monde Graphite Stock Performance
Shares of NYSE NMG traded up $0.09 during trading on Friday, reaching $1.77. 226,464 shares of the company traded hands, compared to its average volume of 67,175. The firm has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $1.61. Nouveau Monde Graphite has a 52-week low of $1.22 and a 52-week high of $2.57. The stock has a market capitalization of $199.26 million, a PE ratio of -2.77 and a beta of 0.78. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 target price on shares of Nouveau Monde Graphite in a research note on Tuesday, December 17th.
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About Nouveau Monde Graphite
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Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.
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