NanoXplore (TSE:GRA) Trading 0.9% Higher – What’s Next?

NanoXplore Inc. (TSE:GRA)’s stock price rose 0.9% on Tuesday . The stock traded as high as C$2.23 and last traded at C$2.23. Approximately 17,975 shares traded hands during trading, a decline of 71% from the average daily volume of 62,064 shares. The stock had previously closed at C$2.21.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded shares of NanoXplore to a “strong-buy” rating in a research report on Thursday, September 12th.

NanoXplore Stock Performance

The company has a current ratio of 2.08, a quick ratio of 2.01 and a debt-to-equity ratio of 19.36. The company has a 50-day moving average price of C$2.34 and a two-hundred day moving average price of C$2.38. The stock has a market capitalization of C$380.46 million, a P/E ratio of -31.86 and a beta of 1.26.

NanoXplore Company Profile

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.