Nouveau Monde Graphite Inc. (CVE:NOU – Get Free Report)’s share price rose 5.5% during trading on Wednesday . The stock traded as high as C$3.40 and last traded at C$3.24. Approximately 108,430 shares were traded during trading, an increase of 29% from the average daily volume of 83,890 shares. The stock had previously closed at C$3.07.
Nouveau Monde Graphite Stock Up 5.5%
The firm has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. The firm has a 50 day moving average of C$3.24 and a 200 day moving average of C$3.24. The company has a quick ratio of 1.29, a current ratio of 3.58 and a debt-to-equity ratio of 105.58.
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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.
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