Nouveau Monde Graphite (CVE:NOU) Hits New 12-Month Low – Time to Sell?

Shares of Nouveau Monde Graphite Inc. (CVE:NOUGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$1.79 and last traded at C$1.80, with a volume of 22514 shares. The stock had previously closed at C$1.83.

Nouveau Monde Graphite Stock Performance

The company has a current ratio of 1.85, a quick ratio of 1.29 and a debt-to-equity ratio of 15.36. The company’s 50-day moving average is C$2.01 and its two-hundred day moving average is C$2.34. The stock has a market capitalization of C$208.22 million, a P/E ratio of -1.85 and a beta of 1.82.

Nouveau Monde Graphite (CVE:NOUGet Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. As a group, sell-side analysts anticipate that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current fiscal year.

Nouveau Monde Graphite Company Profile

(Get Free Report)

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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