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The latest update is out from Graphene Manufacturing Group Ltd ( (TSE:GMG) ).
Graphene Manufacturing Group Ltd (GMG) announced the successful patent approval of its THERMAL-XR® ENHANCE graphene coating in Australia, which is expected to enhance the company’s market presence in energy-saving solutions. The company has demonstrated significant energy savings in projects, including a large international airport, showcasing a 10.6% reduction in temperature and a 10.5% reduction in air flow pressure across cooling coils. This development is part of GMG’s strategy to expand its energy-saving product applications and strengthen its partnerships globally.
The most recent analyst rating on (TSE:GMG) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Graphene Manufacturing Group Ltd stock, see the TSE:GMG Stock Forecast page.
Spark’s Take on TSE:GMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMG is a Neutral.
The overall stock score reflects strong technical indicators and positive corporate events, which are mitigated by poor valuation metrics and financial performance. The company’s strategic advancements and market expansion efforts are significant positives, but profitability and cash flow challenges remain critical risks.
To see Spark’s full report on TSE:GMG stock, click here.
More about Graphene Manufacturing Group Ltd
Graphene Manufacturing Group Ltd (GMG) is an Australian clean-technology company that develops, manufactures, and sells energy-saving and energy storage solutions enabled by graphene. The company uses a proprietary process to produce high-quality graphene from natural gas, focusing on applications such as HVAC-R coatings, electronic heat sinks, and graphene-enhanced batteries. GMG collaborates with the University of Queensland to advance graphene aluminum-ion battery technology.
Average Trading Volume: 198,174
Technical Sentiment Signal: Buy
Current Market Cap: C$83.83M
For a thorough assessment of GMG stock, go to TipRanks’ Stock Analysis page.