NanoXplore (TSE:GRA) Reaches New 1-Year Low – Here’s Why

NanoXplore Inc. (TSE:GRA)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$1.18 and last traded at C$1.19, with a volume of 31,789 shares traded. The stock had previously closed at C$1.20.

Wall Street Analysts Forecast Growth

GRA has been the topic of a number of analyst reports. National Bank Financial dropped their price target on NanoXplore from C$2.80 to C$2.20 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Royal Bank Of Canada dropped their target price on shares of NanoXplore from C$2.50 to C$1.75 and set a “sector perform” rating on the stock in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NanoXplore presently has a consensus rating of “Hold” and a consensus price target of C$2.65.

NanoXplore Stock Up 0.8%

The stock has a market capitalization of C$221.41 million, a P/E ratio of -17.43 and a beta of -0.17. The company’s 50-day moving average price is C$1.50 and its 200 day moving average price is C$1.72. The company has a debt-to-equity ratio of 42.69, a quick ratio of 2.01 and a current ratio of 2.58.

About NanoXplore

NanoXplore is a graphene company and the largest manufacturer and supplier of high-volume graphene powder for use in multiple end markets with up to 5,000 tonnes of annual production capacity. The Corporation also provides standard and custom graphene-enhanced plastic and composite products to customers in the recreational vehicle, transportation, packaging, electronics, and other industrial sectors, and manufactures silicon-graphene-enhanced Li-ion batteries for the energy storage, industrial, and defense markets.