NanoXplore (TSE:GRA) Trading Up 1.2% – Here’s Why

Shares of NanoXplore Inc. (TSE:GRA) shot up 1.2% on Thursday . The company traded as high as C$2.51 and last traded at C$2.47. Approximately 47,358 shares were traded during trading, a decline of 47% from the average session volume of 89,692 shares. The stock had previously closed at C$2.44.

NanoXplore Price Performance

The company’s fifty day simple moving average is C$2.39 and its 200-day simple moving average is C$2.37. The stock has a market cap of C$417.99 million, a P/E ratio of -35.00 and a beta of 1.26. The company has a current ratio of 2.08, a quick ratio of 2.01 and a debt-to-equity ratio of 19.36.

NanoXplore (TSE:GRA) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.02) earnings per share for the quarter, meeting the consensus estimate of C($0.02). NanoXplore had a negative return on equity of 10.42% and a negative net margin of 8.97%. During the same period last year, the company posted ($0.02) EPS. As a group, sell-side analysts forecast that NanoXplore Inc. will post 0.02 EPS for the current year.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.