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NanoXplore Inc ( (TSE:GRA) ) just unveiled an update.
NanoXplore Inc. has entered into a significant multi-year supply agreement with Chevron Phillips Chemical to provide its proprietary carbon product, Tribograf™, for use in oil and gas drilling fluids. This partnership, which involves the commercial use of NanoSlide™, a lubricant developed with Drilling Specialties, highlights NanoXplore’s strategic expansion in the market and reinforces its position as a leading supplier of advanced carbon materials. The collaboration is expected to enhance product efficiency and deliver innovative solutions to customers, marking a milestone in NanoXplore’s growth trajectory.
The most recent analyst rating on (TSE:GRA) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on NanoXplore Inc stock, see the TSE:GRA Stock Forecast page.
Spark’s Take on TSE:GRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRA is a Neutral.
NanoXplore Inc. shows potential with improving margins and expansion efforts, but current profitability issues and revenue declines present significant risks. Bullish technical signals are tempered by overbought conditions, and valuation metrics reflect ongoing financial challenges.
To see Spark’s full report on TSE:GRA stock, click here.
More about NanoXplore Inc
NanoXplore is a graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets. It also provides graphene-enhanced plastic and composite products for various sectors, including transportation, packaging, and electronics. Additionally, NanoXplore produces silicon-graphene-enhanced Li-ion batteries for the Electric Vehicle and grid storage markets. The company is headquartered in Montreal, Quebec, with manufacturing facilities in Canada, the United States, and Europe.
Average Trading Volume: 114,625
Technical Sentiment Signal: Buy
Current Market Cap: C$477.7M
For detailed information about GRA stock, go to TipRanks’ Stock Analysis page.