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Graphene Manufacturing Group Ltd ( (TSE:GMG) ) just unveiled an update.
Graphene Manufacturing Group Ltd has accepted United States Environmental Protection Agency consent notice approval conditions for its THERMAL-XR® ENHANCE graphene coating, clearing the way for commercial sales in the US HVAC market. The first shipment will go to distribution partner Nu-Calgon to be sold as “Nu-Calgon CoolWorx® powered by GMG Graphene,” marking GMG’s entry into what it calls the largest HVAC coating market globally after a two-year regulatory process. The approval caps a series of milestones including intellectual property acquisition, independent verification of energy savings, distributor signings across Asia and North America, commissioning of graphene and coating production facilities, and prior regulatory clearances in Australia and Canada, positioning GMG to scale commercialisation of THERMAL-XR® in major international markets.
The most recent analyst rating on (TSE:GMG) stock is a Hold with a C$1.50 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 of 52 reflects significant financial challenges faced by Graphene Manufacturing Group Ltd, with persistent losses and negative cash flows being the most impactful factors. While technical analysis shows bullish momentum, the weak valuation due to negative earnings and lack of dividends further weighs down the score.
To see Spark’s full report on TSE:GMG stock, click here.
More about Graphene Manufacturing Group Ltd
Graphene Manufacturing Group Ltd is an Australian clean-tech company that develops and manufactures graphene-based energy saving and energy storage solutions. Its key products include the THERMAL-XR® graphene coating for heating, ventilation and air conditioning (HVAC) systems, targeting global markets where improved heat transfer, energy efficiency and corrosion protection can lower operating costs and emissions.
Average Trading Volume: 200,660
Technical Sentiment Signal: Buy
Current Market Cap: C$188.4M
See more data about GMG stock on TipRanks’ Stock Analysis page.