NexMetals Mining (NASDAQ:NEXM) Releases Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) released its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share for the quarter, reports.

NexMetals Mining Stock Up 12.2%

NASDAQ:NEXM traded up $0.35 during trading hours on Wednesday, reaching $3.23. 105,422 shares of the stock were exchanged, compared to its average volume of 41,707. NexMetals Mining has a twelve month low of $2.22 and a twelve month high of $10.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.67 and a quick ratio of 4.67. The firm has a 50 day moving average of $2.70 and a 200 day moving average of $3.42. The stock has a market cap of $115.15 million and a PE ratio of -2.54.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial began coverage on NexMetals Mining in a report on Tuesday, March 31st. They set an “outperform” rating for the company. Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On NexMetals Mining

A number of large investors have recently bought and sold shares of NEXM. Bank of America Corp DE acquired a new position in NexMetals Mining during the 3rd quarter worth approximately $2,052,000. Bank of Montreal Can acquired a new position in NexMetals Mining during the 4th quarter worth approximately $73,000. Federation des caisses Desjardins du Quebec boosted its position in NexMetals Mining by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock worth $1,920,000 after acquiring an additional 42,403 shares during the last quarter. Marshall Wace LLP raised its stake in shares of NexMetals Mining by 123.0% during the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock worth $534,000 after purchasing an additional 75,347 shares in the last quarter. Finally, Condire Management LP bought a new stake in shares of NexMetals Mining during the 4th quarter worth approximately $13,738,000.

About NexMetals Mining

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.