NanoXplore (TSE:GRA) Issues Earnings Results

NanoXplore (TSE:GRA) announced its quarterly earnings results on Thursday. The company reported C($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%.The business had revenue of C$25.51 million for the quarter.

NanoXplore Trading Up 1.8%

Shares of NanoXplore stock opened at C$2.22 on Friday. The company has a quick ratio of 2.01, a current ratio of 3.24 and a debt-to-equity ratio of 37.71. The firm has a market cap of C$402.77 million, a price-to-earnings ratio of -31.71 and a beta of 0.06. The business has a fifty day simple moving average of C$2.05 and a 200-day simple moving average of C$2.29. NanoXplore has a fifty-two week low of C$1.67 and a fifty-two week high of C$3.34.

Analyst Upgrades and Downgrades

Separately, Ventum Financial upped their price target on shares of NanoXplore from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$3.10.

Insider Buying and Selling at NanoXplore

In other news, insider Pedro Azevedo Azevedo acquired 58,000 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average price of C$1.91 per share, for a total transaction of C$110,780.00. Following the completion of the acquisition, the insider directly owned 85,000 shares in the company, valued at C$162,350. This represents a 214.81% increase in their position. Also, insider Rocco Marinaccio bought 53,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were acquired at an average cost of C$1.91 per share, with a total value of C$101,230.00. Following the completion of the purchase, the insider owned 290,830 shares of the company’s stock, valued at approximately C$555,485.30. The trade was a 22.28% increase in their ownership of the stock. In the last 90 days, insiders bought 116,000 shares of company stock valued at $221,510. Insiders own 29.82% of the company’s stock.

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.