Nouveau Monde Graphite (CVE:NOU) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Nouveau Monde Graphite (CVE:NOU – Free Report) to a strong-buy rating in a report published on Wednesday morning,Zacks reports.

Nouveau Monde Graphite Stock Performance

Shares of NOU stock opened at C$3.24 on Wednesday. The firm has a market cap of C$493.33 million, a price-to-earnings ratio of -5.40 and a beta of 1.82. The company’s 50 day moving average is C$3.24 and its 200 day moving average is C$3.24. The company has a quick ratio of 1.29, a current ratio of 3.58 and a debt-to-equity ratio of 105.58. Nouveau Monde Graphite has a 52-week low of C$1.70 and a 52-week high of C$4.14.

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Nouveau Monde Graphite Company Profile

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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. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc and changed its name to Nouveau Monde Graphite Inc in February 2017.

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