NexMetals Mining (NASDAQ:NEXM) Announces Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) posted its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, reports.

NexMetals Mining Stock Performance

Shares of NEXM traded up $0.35 during mid-day trading on Wednesday, reaching $3.23. The company’s stock had a trading volume of 105,422 shares, compared to its average volume of 41,707. NexMetals Mining has a 12-month low of $2.22 and a 12-month high of $10.35. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $2.70 and its 200 day moving average is $3.42.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a report on Friday, March 27th. Raymond James Financial assumed coverage on NexMetals Mining in a report on Tuesday, March 31st. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NexMetals Mining presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can purchased a new position in shares of NexMetals Mining in the 4th quarter valued at about $73,000. Condire Management LP purchased a new position in shares of NexMetals Mining in the 4th quarter valued at about $13,738,000. Bank of America Corp DE purchased a new position in shares of NexMetals Mining in the 3rd quarter valued at about $2,052,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of NexMetals Mining by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock valued at $1,920,000 after acquiring an additional 42,403 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of NexMetals Mining by 123.0% in the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock valued at $534,000 after acquiring an additional 75,347 shares during the last quarter.

About NexMetals Mining

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.