NanoXplore (TSE:GRA) Stock Price Up 0.9% – What’s Next?

NanoXplore Inc. (TSE:GRA) rose 0.9% during trading on Tuesday . The company traded as high as C$2.23 and last traded at C$2.23. Approximately 17,975 shares were traded during trading, a decline of 71% from the average daily volume of 62,064 shares. The stock had previously closed at C$2.21.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded NanoXplore to a “strong-buy” rating in a research note on Thursday, September 12th.

NanoXplore Price Performance

The company has a debt-to-equity ratio of 19.36, a quick ratio of 2.01 and a current ratio of 2.08. The stock has a market capitalization of C$380.46 million, a PE ratio of -31.86 and a beta of 1.26. The business’s 50-day moving average price is C$2.36 and its 200 day moving average price is C$2.39.

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.