NanoXplore (TSE:GRA) Shares Up 2.9% – Should You Buy?

NanoXplore Inc. (TSE:GRA)’s share price rose 2.9% on Monday . The company traded as high as C$2.32 and last traded at C$2.32. Approximately 39,354 shares changed hands during trading, a decline of 34% from the average daily volume of 60,022 shares. The stock had previously closed at C$2.25.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts raised shares of NanoXplore to a “strong-buy” rating in a report on Thursday, September 12th.

NanoXplore Price Performance

The company has a fifty day simple moving average of C$2.41 and a 200-day simple moving average of C$2.43. The company has a market cap of C$394.96 million, a P/E ratio of -33.07 and a beta of 1.26. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.08 and a quick ratio of 2.01.

NanoXplore (TSE:GRA) last posted its quarterly earnings data on Wednesday, September 18th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01). The company had revenue of C$38.13 million during the quarter, compared to analyst estimates of C$37.37 million. NanoXplore had a negative net margin of 8.97% and a negative return on equity of 10.42%. On average, sell-side analysts predict that NanoXplore Inc. will post 0.02 earnings per share for the current year.

About NanoXplore

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.