16,355 Shares in Nouveau Monde Graphite Inc. (NYSE:NMG) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in Nouveau Monde Graphite Inc. (NYSE:NMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,355 shares of the company’s stock, valued at approximately $26,000.

Separately, National Bank of Canada FI lifted its holdings in Nouveau Monde Graphite by 6.7% during the 3rd quarter. National Bank of Canada FI now owns 124,610 shares of the company’s stock worth $196,000 after purchasing an additional 7,871 shares in the last quarter. Hedge funds and other institutional investors own 41.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Nouveau Monde Graphite in a research note on Tuesday, December 17th.

Nouveau Monde Graphite Trading Down 3.9 %

Shares of NMG stock opened at $1.47 on Friday. The stock has a market capitalization of $165.49 million, a PE ratio of -2.30 and a beta of 0.78. Nouveau Monde Graphite Inc. has a 1-year low of $1.22 and a 1-year high of $2.57. The business has a 50-day moving average of $1.91 and a 200 day moving average of $1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74.

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.