Nanoco Group (LON:NANO) Shares Climb 18.4% – Time to Buy?

Nanoco Group plc (LON:NANO – Get Free Report) traded up 18.4% during trading on Wednesday. The stock traded as high as GBX 3.30 and last traded at GBX 2.96. 2,374,455 shares traded hands during trading, an increase of 63% from the average daily volume of 1,452,933 shares. The stock had previously closed at GBX 2.50.

Nanoco Group Price Performance

The business’s fifty day moving average price is GBX 2.57 and its 200 day moving average price is GBX 3.80. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.83 and a quick ratio of 3.57. The stock has a market cap of £5.40 million, a P/E ratio of 5.92 and a beta of 0.67.

About Nanoco Group

(Get Free Report)

Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.

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