Nouveau Monde Graphite (CVE:NOU) Stock Price Down 4.1%

Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report) dropped 4.1% on Monday . The stock traded as low as C$2.75 and last traded at C$2.83. Approximately 42,407 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 67,684 shares. The stock had previously closed at C$2.95.

Nouveau Monde Graphite Price Performance

The company has a market capitalization of C$260.67 million, a P/E ratio of -3.58 and a beta of 1.90. The business has a 50 day simple moving average of C$3.12 and a 200-day simple moving average of C$3.25. The company has a quick ratio of 1.29, a current ratio of 5.48 and a debt-to-equity ratio of 84.23.

Nouveau Monde Graphite (CVE:NOUGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.23) by C($0.04). Analysts predict that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current fiscal year.

Nouveau Monde Graphite Company Profile

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Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.

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