Nouveau Monde Graphite Inc. (CVE:NOU – Get Rating)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as C$6.54 and last traded at C$6.60. Approximately 16,578 shares changed hands during trading, a decline of 53% from the average daily volume of 35,182 shares. The stock had previously closed at C$6.65.
Nouveau Monde Graphite Price Performance
The company has a debt-to-equity ratio of 84.82, a quick ratio of 1.29 and a current ratio of 4.59. The company has a market capitalization of C$368.74 million, a PE ratio of -6.67 and a beta of 1.66. The company’s 50-day simple moving average is C$7.07 and its 200-day simple moving average is C$6.70.
About Nouveau Monde Graphite
Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's flagship project is the Matawinie property that includes 392 mining claims covering an area of 21,750 hectares situated to the north of Montreal, Quebec.
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