Nouveau Monde Graphite (CVE:NOU) Stock Rating Upgraded by National Bank Financial

Nouveau Monde Graphite (CVE:NOU) was upgraded by research analysts at National Bank Financial to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, National Bankshares set a C$3.50 price objective on shares of Nouveau Monde Graphite and gave the stock a “sector perform” rating in a research report on Friday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$3.50.

Nouveau Monde Graphite Stock Up 5.5%

Shares of CVE NOU opened at C$3.24 on Thursday. The firm has a market cap of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82. Nouveau Monde Graphite has a 12-month low of C$1.70 and a 12-month high of C$4.14. The company’s fifty day simple moving average is C$3.24 and its 200 day simple moving average is C$3.24. The company has a quick ratio of 1.29, a current ratio of 1.74 and a debt-to-equity ratio of 16.18.

Nouveau Monde Graphite Company Profile

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.