NanoXplore (TSE:GRA) Insider Buys C$110,780.00 in Stock

NanoXplore Inc. (TSE:GRA) insider Pedro Azevedo Azevedo acquired 58,000 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was purchased at an average price of C$1.91 per share, with a total value of C$110,780.00. Following the acquisition, the insider owned 85,000 shares of the company’s stock, valued at approximately C$162,350. This trade represents a 214.81% increase in their ownership of the stock.

NanoXplore Price Performance

Shares of TSE:GRA traded up C$0.07 during trading hours on Wednesday, hitting C$1.90. 5,260,318 shares of the company’s stock traded hands, compared to its average volume of 239,833. The company has a market cap of C$344.72 million, a price-to-earnings ratio of -27.14 and a beta of -0.05. NanoXplore Inc. has a 52 week low of C$1.67 and a 52 week high of C$3.34. The company has a debt-to-equity ratio of 37.71, a quick ratio of 2.01 and a current ratio of 3.24. The company’s fifty day simple moving average is C$2.22 and its two-hundred day simple moving average is C$2.44.

NanoXplore (TSE:GRA) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$27.58 million during the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%. As a group, equities analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Ventum Financial upped their price target on shares of NanoXplore from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NanoXplore has a consensus rating of “Hold” and an average target price of C$3.10.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.