NanoXplore (CVE:GRA) Shares Down 1.5%

NanoXplore Inc (CVE:GRA) was down 1.5% during trading on Friday . The stock traded as low as C$1.28 and last traded at C$1.28, approximately 38,400 shares traded hands during mid-day trading. An increase of 107% from the average daily volume of 18,508 shares. The stock had previously closed at C$1.30.

The company has a quick ratio of 1.83, a current ratio of 2.20 and a debt-to-equity ratio of 81.60. The stock’s 50-day simple moving average is C$1.37 and its two-hundred day simple moving average is C$1.35. The company has a market capitalization of $159.72 million and a price-to-earnings ratio of -12.57.

NanoXplore (CVE:GRA) last posted its quarterly earnings data on Friday, October 11th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$22.75 million for the quarter. On average, sell-side analysts forecast that NanoXplore Inc will post 0.02 EPS for the current year.

In related news, insider Mason Graphite Inc. sold 16,713,664 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$1.30, for a total value of C$21,727,763.20. Following the transaction, the insider now directly owns 5,474,669 shares of the company’s stock, valued at approximately C$7,117,069.70.

About NanoXplore (CVE:GRA)

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

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