Nouveau Monde Graphite (CVE:NOU) Sets New 1-Year Low at $2.56

Nouveau Monde Graphite Inc. (CVE:NOU)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$2.56 and last traded at C$2.58, with a volume of 17486 shares traded. The stock had previously closed at C$2.65.

Nouveau Monde Graphite Price Performance

The company has a 50 day simple moving average of C$2.83 and a 200 day simple moving average of C$3.09. The company has a market capitalization of C$290.10 million, a price-to-earnings ratio of -2.91 and a beta of 1.87. The company has a quick ratio of 1.29, a current ratio of 1.07 and a debt-to-equity ratio of 72.01.

Nouveau Monde Graphite (CVE:NOU) last announced its earnings results on Tuesday, May 14th. The company reported C($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.09) by C($0.34). As a group, research analysts predict that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Charles-Olivier Tarte sold 37,500 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$2.85, for a total transaction of C$106,875.00. In related news, Director Eric Desaulniers sold 35,000 shares of Nouveau Monde Graphite stock in a transaction on Thursday, May 16th. The shares were sold at an average price of C$2.80, for a total value of C$98,000.00. Also, 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. Over the last 90 days, insiders have sold 107,500 shares of company stock worth $312,850. 56.02% of the stock is owned by 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.