NanoXplore (TSE:GRA) Hits New 12-Month Low – What’s Next?

NanoXplore Inc. (TSE:GRA) shares reached a new 52-week low during trading on Monday. The company traded as low as C$1.12 and last traded at C$1.16, with a volume of 32,944 shares. The stock had previously closed at C$1.18.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GRA. National Bank Financial dropped their price target on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Royal Bank Of Canada cut their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating for the company in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$2.65.

NanoXplore Stock Down 2.5%

The company has a quick ratio of 2.01, a current ratio of 2.58 and a debt-to-equity ratio of 42.69. The firm has a market cap of C$208.71 million, a PE ratio of -16.43 and a beta of -0.17. The firm’s 50 day moving average is C$1.47 and its 200-day moving average is C$1.70.

NanoXplore Company Profile

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.