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Graphene Manufacturing Group Ltd ( (TSE:GMG) ) has shared an announcement.
Graphene Manufacturing Group Ltd has commenced sales of its G® Lubricant product across several global markets, including Australia, the UK, Europe, China, Canada, and the US. The company is working on regulatory approvals in Europe and the US to expand its market reach. GMG is also exploring partnerships with large oil and gas companies and OEMs, while actively promoting the product through various advertising campaigns. The company is scaling its sales team and production capabilities to meet growing demand, indicating a strategic push to solidify its position in the lubricant market.
The most recent analyst rating on (TSE:GMG) stock is a Buy with a C$8.00 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.
Graphene Manufacturing Group Ltd’s stock score is primarily driven by its financial performance, which is challenged by negative profitability and cash flow despite having significant cash reserves. Technical analysis shows a lack of strong momentum, while valuation is weak due to a negative P/E ratio. Positive corporate events offer potential for future growth, helping to balance the overall score.
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-based clean-technology company specializing in energy saving and energy storage solutions. The company utilizes a proprietary process to produce graphene from natural gas, which is then used in various applications such as HVAC-R coatings, electronic heat sinks, and industrial process plants.
Average Trading Volume: 51,893
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$62.34M
See more data about GMG stock on TipRanks’ Stock Analysis page.