Beacon Securities Reaffirms Buy Rating for SRG Graphite (CVE:SRG)
Beacon Securities reaffirmed their buy rating on shares of SRG Graphite (CVE:SRG) in a research report sent to investors on Tuesday, Zacks.com reports. Beacon Securities also issued estimates for SRG Graphite’s FY2020 earnings at $0.06 EPS.
Shares of SRG stock opened at C$0.90 on Tuesday. SRG Graphite has a 12-month low of C$0.64 and a 12-month high of C$1.43. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 19.48. The stock has a 50 day moving average of C$0.84. The stock has a market capitalization of $68.73 million and a PE ratio of -5.17.
SRG Graphite (CVE:SRG) last issued its earnings results on Thursday, May 30th. The company reported C$0.05 earnings per share (EPS) for the quarter. On average, analysts predict that SRG Graphite will post -0.09 EPS for the current year.
SRG Graphite Inc engages in the mineral exploration and development business in Africa. It holds 100% interests in Lola graphite and cobalt-nickel-scandium Gogota projects located in the Republic of Guinea, West Africa. The company was formerly known as Sama Graphite Inc and changed its name to SRG Graphite Inc in June 2017.
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