Nouveau Monde Graphite (NYSE:NMG) Issues Earnings Results

Nouveau Monde Graphite (NYSE:NMG) posted its earnings results on Monday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07), Zacks reports.

Nouveau Monde Graphite Price Performance

Shares of NMG traded down $0.06 during mid-day trading on Monday, hitting $1.45. 4,036 shares of the company traded hands, compared to its average volume of 66,365. The business has a 50-day moving average of $1.80 and a 200 day moving average of $1.62. The stock has a market capitalization of $163.24 million, a price-to-earnings ratio of -2.26 and a beta of 0.78. Nouveau Monde Graphite has a one year low of $1.22 and a one year high of $2.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Mkm lowered their price target on Nouveau Monde Graphite from $3.00 to $2.40 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Nouveau Monde Graphite in a report on Tuesday, December 17th.

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.