Nouveau Monde Graphite (CVE:NOU) Sets New 52-Week Low – Should You Sell?

Shares of Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$1.79 and last traded at C$1.80, with a volume of 22514 shares traded. The stock had previously closed at C$1.83.

Nouveau Monde Graphite Trading Up 2.8 %

The company has a quick ratio of 1.29, a current ratio of 1.85 and a debt-to-equity ratio of 15.36. The firm has a market cap of C$208.22 million, a P/E ratio of -1.85 and a beta of 1.82. The business’s 50 day moving average is C$2.01 and its 200-day moving average is C$2.34.

Nouveau Monde Graphite (CVE:NOUGet Free Report) last released its earnings results on Wednesday, August 14th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. As a group, analysts forecast that Nouveau Monde Graphite Inc. will post -0.46 earnings per share for the current fiscal year.

About Nouveau Monde Graphite

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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.

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