Nanoco Group (LON:NANO) Trading 18.3% Higher – What’s Next?

Nanoco Group plc (LON:NANO)’s share price rose 18.3% during mid-day trading on Thursday . The stock traded as high as GBX 8.28 ($0.11) and last traded at GBX 8.28 ($0.11). Approximately 4,079,381 shares were traded during mid-day trading, an increase of 807% from the average daily volume of 449,716 shares. The stock had previously closed at GBX 7 ($0.09).

Nanoco Group Trading Up 18.3 %

The company has a market cap of £15.64 million, a price-to-earnings ratio of -18.53 and a beta of 0.67. The business’s 50 day moving average price is GBX 10.04 and its 200-day moving average price is GBX 11.63. The company has a debt-to-equity ratio of -11.22, a quick ratio of 3.57 and a current ratio of 2.71.

Nanoco Group Company Profile

Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.