Neo Performance Materials Inc. (TSE:NEO) Director Purchases C$50,344.14 in Stock

Neo Performance Materials Inc. (TSE:NEO) Director Rahim Suleman acquired 5,100 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average price of C$9.87 per share, with a total value of C$50,344.14.

Neo Performance Materials Stock Up 8.1%

Shares of TSE NEO opened at C$11.08 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. Neo Performance Materials Inc. has a 12-month low of C$6.62 and a 12-month high of C$12.07. The stock has a market capitalization of C$324.28 million, a price-to-earnings ratio of -145.52 and a beta of 1.38. The firm’s 50-day moving average price is C$10.01 and its 200-day moving average price is C$8.88.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their target price on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.