GMG’s G-LUBRICANT Achieves 13.8% Fuel Savings in Australian Charity Rally

Graphene Manufacturing Group Ltd ( (TSE:GMG) ) has provided an update.

Graphene Manufacturing Group Ltd announced a successful demonstration of its G-LUBRICANT product during a charity car rally in Australia, achieving a 13.8% fuel efficiency improvement. The event, which supports cancer research, highlighted the effectiveness of GMG’s graphene-enhanced engine oil additive, reinforcing its potential impact on reducing fuel consumption and enhancing engine performance.

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 specializing in energy-saving and energy storage solutions. The company develops and sells products enabled by graphene, which is manufactured through its proprietary process that decomposes natural gas into carbon, hydrogen, and residual gases. GMG focuses on commercial scale-up capabilities and market applications, with products like graphene-enhanced HVAC-R coatings and lubricant additives for fuel savings.

Average Trading Volume: 225,508

Technical Sentiment Signal: Buy

Current Market Cap: C$113.9M

For a thorough assessment of GMG stock, go to TipRanks’ Stock Analysis page.