NexMetals Mining (NASDAQ:NEXM) Releases Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) issued its earnings results on Monday. The company reported ($0.24) EPS for the quarter, Zacks reports.

NexMetals Mining Trading Down 1.8%

Shares of NEXM stock opened at $2.17 on Tuesday. NexMetals Mining has a 12 month low of $2.03 and a 12 month high of $6.65. The company has a market cap of $77.36 million and a PE ratio of -2.07. The company has a quick ratio of 7.72, a current ratio of 7.72 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $2.29 and its two-hundred day moving average is $2.73.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NexMetals Mining has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in NexMetals Mining during the fourth quarter valued at about $73,000. Marshall Wace LLP lifted its position in shares of NexMetals Mining by 123.0% during the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock worth $534,000 after purchasing an additional 75,347 shares during the last quarter. Bank of America Corp DE bought a new stake in NexMetals Mining during the 3rd quarter valued at approximately $2,052,000. Federation des caisses Desjardins du Quebec boosted its stake in NexMetals Mining by 9.3% during 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 purchasing an additional 42,403 shares during the period. Finally, Condire Management LP acquired a new stake in NexMetals Mining in the 4th quarter valued at approximately $13,738,000.

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.