Nouveau Monde Graphite (CVE:NOU) Given a C$3.50 Price Target by National Bankshares Analysts

Nouveau Monde Graphite (CVE:NOU) has been assigned a C$3.50 price objective by equities research analysts at National Bankshares in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 8.02% from the stock’s current price.

Nouveau Monde Graphite Stock Performance

CVE:NOU opened at C$3.24 on Friday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.74 and a quick ratio of 1.29. Nouveau Monde Graphite has a 1 year low of C$1.70 and a 1 year high of C$4.14. The stock’s 50 day simple moving average is C$3.24 and its two-hundred day simple moving average is C$3.24. The company has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82.

Nouveau Monde Graphite Company Profile

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.