Nouveau Monde Graphite Inc. (NYSE:NMG - Get Free Report)'s share price traded down 0.9% on Wednesday . The stock traded as low as $2.01 and last traded at $2.09. 29,273 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 155,398 shares. The stock had previously closed at $2.11.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and issued a $3.00 price target on shares of Nouveau Monde Graphite in a research report on Tuesday, December 17th.
View Our Latest Research Report on NMG
Nouveau Monde Graphite Stock Up 9.9 %
The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $258.60 million, a price-to-earnings ratio of -3.59 and a beta of 0.67. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.57.
Institutional Trading of Nouveau Monde Graphite
An institutional investor recently raised its position in Nouveau Monde Graphite stock. National Bank of Canada FI increased its stake in shares of Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,610 shares of the company's stock after purchasing an additional 7,871 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of Nouveau Monde Graphite worth $196,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 41.09% of the company's stock.
Nouveau Monde Graphite Company Profile
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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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