NexMetals Mining (NASDAQ:NEXM) Posts Earnings Results

NexMetals Mining (NASDAQ:NEXM) announced its quarterly earnings results on Monday. The company reported ($0.24) earnings per share for the quarter, Zacks reports.

NexMetals Mining Price Performance

Shares of NASDAQ:NEXM traded down $0.04 on Monday, hitting $2.17. The company’s stock had a trading volume of 11,452 shares, compared to its average volume of 52,487. The company has a 50-day simple moving average of $2.30 and a 200 day simple moving average of $2.75. NexMetals Mining has a 1 year low of $2.03 and a 1 year high of $6.65. The company has a market capitalization of $77.36 million and a PE ratio of -2.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.72 and a quick ratio of 7.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NexMetals Mining in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in shares of NexMetals Mining in the 4th quarter valued at $73,000. Marshall Wace LLP raised its position in NexMetals Mining by 123.0% in the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock worth $534,000 after purchasing an additional 75,347 shares during the period. Federation des caisses Desjardins du Quebec raised its position in NexMetals Mining by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock worth $1,920,000 after purchasing an additional 42,403 shares during the period. Bank of America Corp DE bought a new stake in NexMetals Mining in the third quarter worth $2,052,000. Finally, Condire Management LP bought a new stake in NexMetals Mining in the fourth quarter worth $13,738,000.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.