Soroush Nazarpour Buys 10,000 Shares of NanoXplore Inc. (TSE:GRA) Stock

NanoXplore Inc. (TSE:GRA) Director Soroush Nazarpour acquired 10,000 shares of NanoXplore stock in a transaction dated Monday, November 20th. The shares were bought at an average price of C$2.00 per share, with a total value of C$20,000.00.

Soroush Nazarpour also recently made the following trade(s):

• On Wednesday, November 15th, Soroush Nazarpour acquired 5,000 shares of NanoXplore stock. The shares were bought at an average price of C$2.05 per share, with a total value of C$10,250.00.
• On Thursday, November 9th, Soroush Nazarpour purchased 5,000 shares of NanoXplore stock. The stock was acquired at an average price of C$2.04 per share, with a total value of C$10,200.00.

NanoXplore Price Performance

Shares of TSE:GRA traded down C$0.02 on Monday, reaching C$2.00. 111,046 shares of the company were exchanged, compared to its average volume of 73,538. The company has a current ratio of 2.48, a quick ratio of 2.01 and a debt-to-equity ratio of 20.62. NanoXplore Inc. has a 1-year low of C$1.98 and a 1-year high of C$3.57. The firm has a market cap of C$338.76 million, a price-to-earnings ratio of -33.67 and a beta of 1.12. The company has a 50-day moving average of C$2.49 and a 200-day moving average of C$2.95.

NanoXplore (TSE:GRA) last posted its quarterly earnings results on Monday, September 11th. The company reported C($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.01). The business had revenue of C$33.32 million for the quarter, compared to analysts’ expectations of C$31.74 million. NanoXplore had a negative net margin of 8.44% and a negative return on equity of 9.44%. Equities analysts forecast that NanoXplore Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GRA. National Bankshares dropped their price objective on shares of NanoXplore from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Raymond James dropped their price objective on shares of NanoXplore from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th.

About NanoXplore

NanoXplore Inc, a graphene company, manufactures and supplies graphene powder for use in industrial markets. The company offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. It provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.