Nanoco Group (LON:NANO) Shares Up 13.1% – Time to Buy?

Nanoco Group plc (LON:NANOGet Free Report)’s stock price rose 13.1% during mid-day trading on Thursday . The company traded as high as GBX 8.01 ($0.10) and last traded at GBX 7.91 ($0.10). Approximately 3,651,309 shares changed hands during mid-day trading, an increase of 726% from the average daily volume of 442,072 shares. The stock had previously closed at GBX 7 ($0.09).

Nanoco Group Price Performance

The company’s 50-day simple moving average is GBX 10.14 and its 200 day simple moving average is GBX 11.64. The company has a quick ratio of 3.57, a current ratio of 2.71 and a debt-to-equity ratio of -11.22. The stock has a market capitalization of £15.64 million, a price-to-earnings ratio of -18.53 and a beta of 0.67.

Nanoco Group Company Profile

(Get Free Report)

Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.

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