Nouveau Monde Graphite (CVE:NOU) Hits New 1-Year Low at $2.50

Nouveau Monde Graphite Inc. (CVE:NOU)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.50 and last traded at C$2.51, with a volume of 14365 shares traded. The stock had previously closed at C$2.58.

Nouveau Monde Graphite Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.29 and a debt-to-equity ratio of 72.01. The stock’s 50 day moving average is C$2.80 and its 200 day moving average is C$3.04. The stock has a market capitalization of C$281.10 million, a price-to-earnings ratio of -2.84 and a beta of 1.87.

Nouveau Monde Graphite (CVE:NOU) last released its quarterly earnings results on Tuesday, May 14th. The company reported C($0.43) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.34). On average, analysts predict that Nouveau Monde Graphite Inc. will post -0.46 earnings per share for the current year.

Insider Activity

In other news, Director Eric Desaulniers sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of C$3.09, for a total value of C$107,975.00. In other news, Senior Officer Charles-Olivier Tarte sold 37,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$2.85, for a total transaction of C$106,875.00. Also, Director Eric Desaulniers sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$3.09, for a total transaction of C$107,975.00. Insiders have sold 107,500 shares of company stock worth $312,850 over the last three months. 56.02% of the stock is currently owned by corporate insiders.

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.