NanoXplore (TSE:GRA) Trading Up 6.4% – Should You Buy?

NanoXplore Inc. (TSE:GRA)’s share price traded up 6.4% on Friday . The stock traded as high as C$2.50 and last traded at C$2.50. 124,119 shares were traded during mid-day trading, an increase of 45% from the average session volume of 85,801 shares. The stock had previously closed at C$2.35.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GRA. National Bankshares cut shares of NanoXplore from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$3.00 to C$2.80 in a research report on Thursday, May 22nd. National Bank Financial raised shares of NanoXplore to a “hold” rating in a research note on Sunday, June 8th. Finally, Royal Bank Of Canada cut shares of NanoXplore from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$3.00 to C$2.50 in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$2.77.

NanoXplore Stock Up 14.8%

The company has a debt-to-equity ratio of 21.81, a current ratio of 2.22 and a quick ratio of 2.01. The business’s 50 day moving average is C$2.36 and its 200-day moving average is C$2.41. The company has a market cap of C$491.73 million, a PE ratio of -44.20 and a beta of 1.26.

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.