HC Wainwright reiterated their buy rating on shares of Nouveau Monde Graphite (NYSE:NMG - Free Report) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $3.00 price objective on the stock.
Nouveau Monde Graphite Trading Up 9.1 %
Shares of NMG stock traded up $0.12 during trading hours on Tuesday, hitting $1.44. The company had a trading volume of 186,800 shares, compared to its average volume of 89,355. The stock has a market capitalization of $162.11 million, a PE ratio of -2.25 and a beta of 0.79. Nouveau Monde Graphite has a fifty-two week low of $1.22 and a fifty-two week high of $3.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74. The company's fifty day moving average is $1.40 and its 200 day moving average is $1.58.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Nouveau Monde Graphite stock. National Bank of Canada FI lifted its stake in shares of Nouveau Monde Graphite Inc. (NYSE:NMG - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,610 shares of the company's stock after buying an additional 7,871 shares during the quarter. National Bank of Canada FI owned 0.11% of Nouveau Monde Graphite worth $196,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 41.09% of the company's stock.
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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