NexMetals Mining (NASDAQ:NEXM) Announces Earnings Results

NexMetals Mining (NASDAQ:NEXM) announced its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, reports.

NexMetals Mining Price Performance

NEXM traded down $0.27 on Friday, reaching $2.87. The stock had a trading volume of 46,570 shares, compared to its average volume of 68,329. The company has a current ratio of 4.67, a quick ratio of 4.67 and a debt-to-equity ratio of 0.01. NexMetals Mining has a fifty-two week low of $2.22 and a fifty-two week high of $10.35. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $3.41. The company has a market capitalization of $102.32 million and a price-to-earnings ratio of -2.73.

Institutional Trading of NexMetals Mining

A number of large investors have recently bought and sold shares of NEXM. Bank of America Corp DE acquired a new stake in NexMetals Mining in the 3rd quarter valued at $2,052,000. Bank of Montreal Can purchased a new stake in NexMetals Mining during the 4th quarter worth about $73,000. Federation des caisses Desjardins du Quebec increased its holdings in shares of NexMetals Mining by 9.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock worth $1,920,000 after purchasing an additional 42,403 shares during the period. Marshall Wace LLP raised its position in NexMetals Mining by 123.0% during the fourth quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock valued at $534,000 after purchasing an additional 75,347 shares in the last quarter. Finally, Condire Management LP bought a new stake in NexMetals Mining during the 4th quarter valued at $13,738,000.

Wall Street Analysts Forecast Growth

NEXM has been the topic of several analyst reports. Raymond James Financial assumed coverage on NexMetals Mining in a report on Tuesday, March 31st. They issued an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of NexMetals Mining in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About NexMetals Mining

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.