Nouveau Monde Graphite (CVE:NOU) Reaches New 12-Month Low at $2.50

Posted by Tyrone Williams on Jul 2nd, 2024

Nouveau Monde Graphite Inc. (CVE:NOU – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.50 and last traded at C$2.51, with a volume of 14365 shares. The stock had previously closed at C$2.58.

Nouveau Monde Graphite Stock Down 3.1 %

The company has a quick ratio of 1.29, a current ratio of 1.07 and a debt-to-equity ratio of 72.01. The company has a fifty day simple moving average of C$2.80 and a 200 day simple moving average of C$3.04. The firm has a market capitalization of C$281.10 million, a P/E ratio of -2.84 and a beta of 1.87.

Nouveau Monde Graphite (CVE:NOU – Get Free Report) last released its earnings results on Tuesday, May 14th. The company reported C($0.43) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.34). On average, equities analysts expect that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current fiscal year.

Insider Transactions at Nouveau Monde Graphite

In other news, Senior Officer Charles-Olivier Tarte sold 37,500 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$2.85, for a total value of C$106,875.00. In related news, Director Eric Desaulniers sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$3.09, for a total transaction of C$107,975.00. Also, Senior Officer Charles-Olivier Tarte sold 37,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$2.85, for a total value of C$106,875.00. Insiders sold 107,500 shares of company stock worth $312,850 over the last quarter. 56.02% of the stock is currently owned by insiders.

Nouveau Monde Graphite Company Profile

(Get Free Report)

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.