Nouveau Monde Graphite Inc. (NYSE:NMG - Get Free Report) rose 3.2% during trading on Friday . The company traded as high as $1.33 and last traded at $1.30. Approximately 33,383 shares changed hands during trading, a decline of 63% from the average daily volume of 89,191 shares. The stock had previously closed at $1.26.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reduced their target price on shares of Nouveau Monde Graphite from $3.25 to $3.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th.
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Nouveau Monde Graphite Trading Up 3.2 %
The business's 50-day moving average price is $1.46 and its 200 day moving average price is $1.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $146.35 million, a price-to-earnings ratio of -2.03 and a beta of 0.84.
Nouveau Monde Graphite (NYSE:NMG - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03. On average, equities analysts forecast that Nouveau Monde Graphite Inc. will post -0.52 earnings per share for the current fiscal year.
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 Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,610 shares of the company's stock after buying an additional 7,871 shares during the period. National Bank of Canada FI owned about 0.11% of Nouveau Monde Graphite worth $196,000 at the end of the most recent reporting period. 41.09% of the stock is currently owned by institutional investors.
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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