Nouveau Monde Graphite (CVE:NOU) Stock Price Down 1.4% – What’s Next?

by · The Markets Daily

Nouveau Monde Graphite Inc. (CVE:NOU – Get Free Report) shares traded down 1.4% during mid-day trading on Thursday . The company traded as low as C$2.05 and last traded at C$2.06. 51,027 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 47,108 shares. The stock had previously closed at C$2.09.

Nouveau Monde Graphite Price Performance

The stock has a market cap of C$231.85 million, a PE ratio of -2.06 and a beta of 1.82. The stock’s fifty day moving average is C$2.09 and its 200-day moving average is C$2.44. The company has a debt-to-equity ratio of 15.36, a current ratio of 1.85 and a quick ratio of 1.29.

Nouveau Monde Graphite (CVE:NOU – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. As a group, equities analysts anticipate that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current year.

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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