Nouveau Monde Graphite (CVE:NOU) Trading Up 5.5% – Still a Buy?

Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report)’s stock price was up 5.5% during trading on Thursday . The stock traded as high as C$3.40 and last traded at C$3.24. Approximately 108,430 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 83,890 shares. The stock had previously closed at C$3.07.

Nouveau Monde Graphite Stock Up 5.5%

The stock has a market cap of C$493.33 million, a PE ratio of -5.40 and a beta of 1.82. The firm has a fifty day moving average of C$3.24 and a 200 day moving average of C$3.24. The company has a quick ratio of 1.29, a current ratio of 1.74 and a debt-to-equity ratio of 16.18.

About Nouveau Monde Graphite

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Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.

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