Royal Bank Of Canada Cuts NanoXplore (TSE:GRA) Price Target to C$1.75

NanoXplore (TSE:GRA) had its price objective lowered by Royal Bank Of Canada from C$2.50 to C$1.75 in a research report released on Wednesday morning,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

NanoXplore Trading Up 9.7%

NanoXplore stock opened at C$1.70 on Wednesday. The stock has a 50-day moving average price of C$1.56 and a 200 day moving average price of C$1.80. The company has a market capitalization of C$308.53 million, a price-to-earnings ratio of -24.29 and a beta of -0.03. NanoXplore has a 52 week low of C$1.37 and a 52 week high of C$3.12. The company has a quick ratio of 2.01, a current ratio of 2.58 and a debt-to-equity ratio of 42.69.

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.