NanoXplore (TSE:GRA) Shares Up 15.4% – What’s Next?

NanoXplore Inc. (TSE:GRA)’s share price traded up 15.4% during mid-day trading on Wednesday. The company traded as high as C$1.55 and last traded at C$1.50. 107,817 shares changed hands during trading, a decline of 38% from the average daily volume of 175,287 shares. The stock had previously closed at C$1.30.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GRA. National Bank Financial decreased their price target on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Royal Bank Of Canada dropped their price objective on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$2.65.

NanoXplore Stock Up 15.4%

The firm’s fifty day simple moving average is C$1.39 and its two-hundred day simple moving average is C$1.79. The company has a current ratio of 2.58, a quick ratio of 2.01 and a debt-to-equity ratio of 42.69. The company has a market capitalization of C$272.23 million, a price-to-earnings ratio of -21.43 and a beta of -0.47.

NanoXplore Company Profile

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.