Nouveau Monde Graphite Inc. (NYSE:NMG - Get Free Report) was up 11% during trading on Tuesday . The stock traded as high as $2.57 and last traded at $2.33. Approximately 472,271 shares changed hands during trading, an increase of 69% from the average daily volume of 278,942 shares. The stock had previously closed at $2.10.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and set a $3.00 target price on shares of Nouveau Monde Graphite in a research report on Tuesday, December 17th.
Get Our Latest Report on Nouveau Monde Graphite
Nouveau Monde Graphite Trading Down 6.8 %
The company has a 50 day moving average of $1.45 and a two-hundred day moving average of $1.54. The stock has a market capitalization of $245.42 million, a PE ratio of -3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74.
Institutional Investors Weigh In On Nouveau Monde Graphite
A hedge fund recently raised its stake in Nouveau Monde Graphite stock. National Bank of Canada FI increased its stake in Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,610 shares of the company's stock after purchasing an additional 7,871 shares during the period. National Bank of Canada FI owned 0.11% of Nouveau Monde Graphite worth $196,000 as of its most recent filing with the Securities & Exchange Commission. 41.09% of the stock is currently owned by institutional investors.
Nouveau Monde Graphite Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Nouveau Monde Graphite, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nouveau Monde Graphite wasn't on the list.
While Nouveau Monde Graphite currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
