Nouveau Monde Graphite (CVE:NOU) Stock Price Up 18.5% – Here’s What Happened

Shares of Nouveau Monde Graphite Inc. (CVE:NOU) traded up 18.5% on Wednesday . The company traded as high as C$2.37 and last traded at C$2.37. 93,406 shares traded hands during trading, an increase of 106% from the average session volume of 45,349 shares. The stock had previously closed at C$2.00.

Nouveau Monde Graphite Stock Up 15.0 %

The business’s 50 day moving average is C$1.94 and its 200 day moving average is C$2.17. The company has a debt-to-equity ratio of 15.36, a quick ratio of 1.29 and a current ratio of 1.85. The company has a market capitalization of C$258.87 million, a price-to-earnings ratio of -2.33 and a beta of 1.82.

Nouveau Monde Graphite Company Profile

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.