Nouveau Monde Graphite Inc. (CVE:NOU – Get Free Report)’s share price shot up 18.5% on Wednesday . The stock traded as high as C$2.37 and last traded at C$2.37. 93,406 shares were traded during mid-day trading, an increase of 106% from the average session volume of 45,349 shares. The stock had previously closed at C$2.00.
Nouveau Monde Graphite Price Performance
The company has a debt-to-equity ratio of 15.36, a current ratio of 1.85 and a quick ratio of 1.29. The firm has a market cap of C$262.24 million, a price-to-earnings ratio of -2.33 and a beta of 1.82. The stock’s fifty day moving average price is C$1.95 and its 200-day moving average price is C$2.17.
Nouveau Monde Graphite Company Profile
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.
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