NanoXplore (TSE:GRA) Posts Quarterly Earnings Results

NanoXplore (TSE:GRA) posted its earnings results on Wednesday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of C$32.35 million for the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%.

NanoXplore Stock Performance

TSE GRA traded up C$0.02 during trading on Wednesday, reaching C$2.11. The company’s stock had a trading volume of 148,909 shares, compared to its average volume of 217,034. The business’s fifty day moving average price is C$2.05 and its 200-day moving average price is C$2.26. NanoXplore has a twelve month low of C$1.67 and a twelve month 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 firm has a market cap of C$382.82 million, a price-to-earnings ratio of -30.14 and a beta of 0.08.

Insider Activity

In other news, insider Rocco Marinaccio bought 53,000 shares of NanoXplore stock in a transaction dated Wednesday, March 25th. The stock was bought at an average price of C$1.91 per share, for a total transaction of C$101,230.00. Following the purchase, the insider owned 290,830 shares of the company’s stock, valued at approximately C$555,485.30. The trade was a 22.28% increase in their ownership of the stock. Also, insider Pedro Azevedo Azevedo acquired 58,000 shares of the stock in a transaction on Wednesday, March 25th. The stock was acquired at an average cost of C$1.91 per share, for a total transaction of C$110,780.00. Following the acquisition, the insider directly owned 85,000 shares in the company, valued at C$162,350. This represents a 214.81% increase in their position. Insiders purchased a total of 116,000 shares of company stock worth $221,510 in the last 90 days. 29.82% of the stock is currently owned by insiders.

About NanoXplore

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.