Nouveau Monde Graphite (NYSE:NMG) Announces Earnings Results

Nouveau Monde Graphite (NYSE:NMG) announced its quarterly earnings data on Monday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08), Zacks reports.

Nouveau Monde Graphite Stock Performance

Shares of NMG remained flat at $1.51 during trading hours on Tuesday. 22,653 shares of the company traded hands, compared to its average volume of 87,873. The business’s fifty day moving average is $1.79 and its 200-day moving average is $1.62. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The firm has a market cap of $169.99 million, a price-to-earnings ratio of -2.36 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NMG shares. HC Wainwright decreased their target price on shares of Nouveau Monde Graphite from $3.00 to $2.75 and set a “buy” rating for the company in a research report on Tuesday. Roth Mkm decreased their price objective on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating for the company in a report on Wednesday, March 26th.

About Nouveau Monde Graphite

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.