Nouveau Monde Graphite (NYSE:NMG) Trading Down 4.6%

Nouveau Monde Graphite Inc. (NYSE:NMG) shares traded down 4.6% on Monday . The stock traded as low as $2.09 and last traded at $2.09. 53,193 shares changed hands during trading, a decline of 70% from the average session volume of 178,230 shares. The stock had previously closed at $2.19.

Nouveau Monde Graphite Stock Performance

The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 1.04. The firm’s 50-day moving average is $2.33 and its two-hundred day moving average is $2.39. The stock has a market cap of $137.58 million, a price-to-earnings ratio of -2.81 and a beta of 0.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC purchased a new stake in Nouveau Monde Graphite during the 4th quarter valued at about $27,000. LPL Financial LLC purchased a new position in Nouveau Monde Graphite in the 2nd quarter valued at approximately $53,000. Jane Street Group LLC purchased a new position in Nouveau Monde Graphite in the 1st quarter valued at approximately $57,000. Bank of Montreal Can purchased a new position in Nouveau Monde Graphite in the 1st quarter valued at approximately $82,000. Finally, Bank of America Corp DE purchased a new position in Nouveau Monde Graphite in the 1st quarter valued at approximately $115,000. Institutional investors and hedge funds own 41.09% of the company’s stock.

About Nouveau Monde Graphite

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.