NanoXplore (TSE:GRA) Reaches New 1-Year Low – What’s Next?

NanoXplore Inc. (TSE:GRA) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$1.28 and last traded at C$1.32, with a volume of 63,246 shares changing hands. The stock had previously closed at C$1.33.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank Of Canada reduced their price target on NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a research report on Wednesday, September 16th. National Bank Financial lowered their price objective on shares of NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NanoXplore presently has a consensus rating of “Hold” and a consensus target price of C$2.65.

NanoXplore Trading Down 0.8%

The firm’s fifty day moving average price is C$1.55 and its 200-day moving average price is C$1.75. The company has a market cap of C$239.56 million, a price-to-earnings ratio of -18.86 and a beta of -0.17. The company has a debt-to-equity ratio of 42.69, a current ratio of 2.58 and a quick ratio of 2.01.

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.