Nouveau Monde Graphite (NMG) Projected to Post Earnings on Wednesday

Nouveau Monde Graphite (NYSE:NMG) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Nouveau Monde Graphite to post earnings of ($0.07) per share for the quarter.

Nouveau Monde Graphite Stock Performance

Shares of NMG opened at $1.77 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. Nouveau Monde Graphite has a 1 year low of $1.22 and a 1 year high of $2.57. The firm has a fifty day moving average of $1.85 and a 200-day moving average of $1.61. The company has a market cap of $199.26 million, a price-to-earnings ratio of -2.77 and a beta of 0.78.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Nouveau Monde Graphite in a report on Tuesday, December 17th.

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.