Neo Performance Materials Inc. (TSE:NEO) Director Rahim Suleman Buys 5,100 Shares of Stock

Neo Performance Materials Inc. (TSE:NEO) Director Rahim Suleman bought 5,100 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of C$9.87 per share, with a total value of C$50,344.14.

Neo Performance Materials Price Performance

Shares of TSE NEO opened at C$11.08 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. Neo Performance Materials Inc. has a twelve month low of C$6.62 and a twelve month high of C$12.07. The stock has a 50 day moving average of C$10.01 and a two-hundred day moving average of C$8.87. The stock has a market cap of C$324.28 million, a P/E ratio of -145.52 and a beta of 1.38.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$16.50 to C$17.50 in a research note on Monday, May 12th.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.