Nouveau Monde Graphite (CVE:NOU) Rating Increased to Strong-Buy at Jefferies Financial Group

Nouveau Monde Graphite (CVE:NOU) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Nouveau Monde Graphite Trading Up 5.5%

CVE:NOU opened at C$3.24 on Wednesday. The stock’s 50 day simple moving average is C$3.24 and its 200-day simple moving average is C$3.24. Nouveau Monde Graphite has a 12-month low of C$1.70 and a 12-month high of C$4.14. The company has a current ratio of 3.58, a quick ratio of 1.29 and a debt-to-equity ratio of 105.58. The firm has a market cap of C$493.33 million, a P/E ratio of -5.40 and a beta of 1.82.

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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.