Nouveau Monde Graphite (CVE:NOU) Reaches New 1-Year Low at $2.50

Nouveau Monde Graphite Inc. (CVE:NOU) shares hit a new 52-week low on Tuesday . The stock traded as low as C$2.50 and last traded at C$2.51, with a volume of 14365 shares trading hands. The stock had previously closed at C$2.58.

Nouveau Monde Graphite Price Performance

The company’s 50-day moving average price is C$2.80 and its two-hundred day moving average price is C$3.03. The company has a debt-to-equity ratio of 72.01, a current ratio of 1.07 and a quick ratio of 1.29. The company has a market capitalization of C$285.60 million, a P/E ratio of -2.79 and a beta of 1.87.

Nouveau Monde Graphite (CVE:NOU) last released its quarterly earnings results on Tuesday, May 14th. The company reported C($0.43) earnings per share for the quarter, missing the consensus estimate of C($0.09) by C($0.34). As a group, sell-side analysts expect that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current year.

Insider Transactions at Nouveau Monde Graphite

In related news, Director Eric Desaulniers sold 35,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$2.80, for a total value of C$98,000.00. In other Nouveau Monde Graphite news, Director Eric Desaulniers sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$2.80, for a total value of C$98,000.00. Also, Senior Officer Charles-Olivier Tarte sold 37,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of C$2.85, for a total transaction of C$106,875.00. Over the last quarter, insiders have sold 107,500 shares of company stock worth $312,850. Company insiders own 56.02% of the company’s stock.

About Nouveau Monde Graphite

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.