Nouveau Monde Graphite (NYSE:NMG) Stock Price Up 1.1%

Nouveau Monde Graphite Inc. (NYSE:NMGGet Free Report)’s share price rose 1.1% during mid-day trading on Monday . The stock traded as high as $1.95 and last traded at $1.91. Approximately 42,996 shares traded hands during trading, a decline of 67% from the average daily volume of 132,056 shares. The stock had previously closed at $1.89.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their target price on shares of Nouveau Monde Graphite from $8.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, May 30th.

Get Our Latest Stock Report on NMG

Nouveau Monde Graphite Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average is $2.05 and its 200-day moving average is $2.27. The stock has a market cap of $214.84 million, a PE ratio of -2.65 and a beta of 0.87.

Nouveau Monde Graphite (NYSE:NMGGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.25). On average, analysts predict that Nouveau Monde Graphite Inc. will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. General Motors Holdings LLC acquired a new stake in Nouveau Monde Graphite during the first quarter valued at $28,625,000. Richelieu Gestion SA grew its position in Nouveau Monde Graphite by 7.8% during the fourth quarter. Richelieu Gestion SA now owns 911,949 shares of the company’s stock valued at $2,380,000 after buying an additional 66,115 shares during the period. National Bank of Canada FI grew its position in Nouveau Monde Graphite by 15.1% during the fourth quarter. National Bank of Canada FI now owns 119,338 shares of the company’s stock valued at $306,000 after buying an additional 15,640 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Nouveau Monde Graphite during the third quarter valued at $268,000. Hedge funds and other institutional investors own 41.09% of the company’s stock.

About Nouveau Monde Graphite

(Get Free Report)

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's holds interest in the Matawinie Mine Project and the Battery Material Plant project situated in the Montreal, Quebec.

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