Royal Bank Of Canada Cuts NanoXplore (TSE:GRA) Price Target to C$1.75

NanoXplore (TSE:GRA) had its price objective dropped by analysts at Royal Bank Of Canada from C$2.50 to C$1.75 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.13% from the stock’s previous close.

NanoXplore Price Performance

Shares of GRA stock traded up C$0.09 during trading hours on Wednesday, reaching C$1.52. The company’s stock had a trading volume of 398,795 shares, compared to its average volume of 185,716. NanoXplore has a fifty-two week low of C$1.37 and a fifty-two week high of C$3.12. The firm’s 50 day simple moving average is C$1.55 and its 200-day simple moving average is C$1.81. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 40.07. The company has a market capitalization of C$275.86 million, a price-to-earnings ratio of -19.00 and a beta of -0.03.

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.