NanoXplore (TSE:GRA) Trading Down 1.6% – Here’s What Happened

NanoXplore Inc. (TSE:GRA)’s share price traded down 1.6% during trading on Monday . The stock traded as low as C$1.78 and last traded at C$1.79. 59,729 shares traded hands during trading, a decline of 72% from the average session volume of 212,190 shares. The stock had previously closed at C$1.82.

NanoXplore Trading Down 3.4%

The company has a market cap of C$313.97 million, a price-to-earnings ratio of -21.63 and a beta of -0.01. The business has a fifty day simple moving average of C$2.08 and a 200 day simple moving average of C$2.21. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 40.07.

NanoXplore (TSE:GRA) last issued its earnings results on Wednesday, May 13th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$32.35 million for the quarter. NanoXplore had a negative return on equity of 11.76% and a negative net margin of 10.91%. On average, equities analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at NanoXplore

In other news, insider Rocco Marinaccio acquired 53,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average cost of C$1.91 per share, with a total value of C$101,230.00. Following the purchase, the insider directly owned 290,830 shares of the company’s stock, valued at approximately C$555,485.30. This trade represents a 22.28% increase in their position. Also, insider Pedro Azevedo Azevedo acquired 58,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average cost of C$1.91 per share, with a total value of C$110,780.00. Following the completion of the purchase, the insider directly owned 85,000 shares in the company, valued at C$162,350. This represents a 214.81% increase in their ownership of the stock. Insiders have acquired a total of 116,000 shares of company stock worth $221,510 over the last 90 days. Insiders own 29.82% of the company’s stock.

About NanoXplore

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.