Nouveau Monde Graphite (NYSE:NMG) Announces Earnings Results, Misses Estimates By $0.08 EPS

Nouveau Monde Graphite (NYSE:NMG - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.08), Zacks reports.

Nouveau Monde Graphite Trading Down 7.6 %

Shares of NYSE:NMG traded down $0.11 on Friday, reaching $1.36. 28,364 shares of the company traded hands, compared to its average volume of 66,304. Nouveau Monde Graphite has a 52 week low of $1.22 and a 52 week high of $2.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business's 50-day simple moving average is $1.75 and its 200 day simple moving average is $1.62. The stock has a market capitalization of $152.99 million, a P/E ratio of -2.12 and a beta of 0.78.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Roth Mkm cut their price objective on Nouveau Monde Graphite from $3.00 to $2.40 and set a "buy" rating for the company in a report on Wednesday, March 26th. HC Wainwright lowered their price objective on shares of Nouveau Monde Graphite from $3.00 to $2.75 and set a "buy" rating on the stock in a research report on Tuesday.

About Nouveau Monde Graphite

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.