Insider Buying: NanoXplore (TSE:GRA) Insider Acquires 58,000 Shares of Stock

NanoXplore Inc. (TSE:GRA) insider Pedro Azevedo Azevedo acquired 58,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was acquired at an average cost of C$1.91 per share, with a total value of C$110,780.00. Following the acquisition, the insider owned 85,000 shares of the company’s stock, valued at C$162,350. This trade represents a 214.81% increase in their ownership of the stock.

NanoXplore Stock Performance

GRA stock traded up C$0.07 during trading on Wednesday, hitting C$1.90. 5,260,318 shares of the company’s stock traded hands, compared to its average volume of 239,833. The stock has a market capitalization of C$344.72 million, a price-to-earnings ratio of -27.14 and a beta of -0.05. NanoXplore Inc. has a 52 week low of C$1.67 and a 52 week high of C$3.34. The stock has a fifty day moving average price of C$2.22 and a two-hundred day moving average price of C$2.44. The company has a quick ratio of 2.01, a current ratio of 3.24 and a debt-to-equity ratio of 37.71.

NanoXplore (TSE:GRA) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C($0.02) earnings per share (EPS) for the quarter. NanoXplore had a negative return on equity of 11.28% and a negative net margin of 10.30%.The business had revenue of C$27.58 million during the quarter. As a group, equities analysts anticipate that NanoXplore Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Ventum Financial raised their target price on shares of NanoXplore from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$3.10.

NanoXplore Company Profile

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.