NanoXplore (TSE:GRA) Shares Up 15.4% – Should You Buy?

NanoXplore Inc. (TSE:GRA) shares were up 15.4% on Wednesday. The company traded as high as C$1.55 and last traded at C$1.50. Approximately 107,817 shares were traded during trading, a decline of 38% from the average session volume of 175,287 shares. The stock had previously closed at C$1.30.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GRA shares. Royal Bank Of Canada reduced their price target on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a research note on Wednesday, September 16th. National Bank Financial reduced their price target on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$2.65.

NanoXplore Trading Up 15.4%

The stock has a market capitalization of C$272.23 million, a price-to-earnings ratio of -21.43 and a beta of -0.47. The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58. The business has a 50-day moving average of C$1.39 and a 200-day moving average of C$1.79.

About NanoXplore

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.