Nouveau Monde Graphite (CVE:NOU) Hits New 1-Year Low at $2.33

Nouveau Monde Graphite Inc. (CVE:NOU) shares hit a new 52-week low on Wednesday . The company traded as low as C$2.33 and last traded at C$2.35, with a volume of 14512 shares traded. The stock had previously closed at C$2.38.

Nouveau Monde Graphite Stock Performance

The firm has a market capitalization of C$264.23 million, a price-to-earnings ratio of -2.58 and a beta of 1.87. The stock’s fifty day moving average is C$2.69 and its two-hundred day moving average is C$2.93. 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 issued its earnings results on Tuesday, May 14th. The company reported C($0.43) earnings per share for the quarter, missing analysts’ consensus estimates 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 Buying and Selling

In other Nouveau Monde Graphite 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 transaction of C$98,000.00. In other Nouveau Monde Graphite 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 transaction of C$98,000.00. Also, Senior Officer Charles-Olivier Tarte sold 37,500 shares of Nouveau Monde Graphite 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. Over the last three months, insiders have sold 107,500 shares of company stock worth $312,850. Insiders own 56.02% of the company’s stock.

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.