Nouveau Monde Graphite (CVE:NOU) Shares Down 0.5%

Nouveau Monde Graphite Inc. (CVE:NOU)’s share price dropped 0.5% during trading on Monday . The company traded as low as C$1.94 and last traded at C$1.99. Approximately 34,587 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 49,778 shares. The stock had previously closed at C$2.00.

Nouveau Monde Graphite Trading Down 0.5 %

The stock has a market cap of C$223.97 million, a price-to-earnings ratio of -1.99 and a beta of 1.82. The business’s fifty day simple moving average is C$2.18 and its 200 day simple moving average is C$2.64. The company has a debt-to-equity ratio of 15.36, a current ratio of 1.85 and a quick ratio of 1.29.

Nouveau Monde Graphite (CVE:NOU) last released its quarterly earnings data on Wednesday, August 14th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. On average, research analysts predict that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current year.

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.