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NanoXplore Inc ( (TSE:GRA) ) has issued an announcement.
NanoXplore Inc. has secured up to $2.75 million from the Government of Canada under the Energy Innovation Program to advance the development of ultra high-power cylindrical lithium-ion cells for defense and power tools. This funding is part of a broader initiative to boost battery innovation and domestic production, enhancing Canada’s role in the clean energy transition. The contribution is expected to accelerate NanoXplore’s product development, improving battery performance in demanding applications and supporting Canada’s clean energy goals.
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 leading graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets. The corporation also offers graphene-enhanced plastic and composite products for sectors such as transportation, packaging, and electronics, and produces silicon-graphene-enhanced Li-ion batteries for the electric vehicle and grid storage markets. Headquartered in Montreal, Quebec, NanoXplore operates manufacturing facilities in Canada, the United States, and Europe.
Average Trading Volume: 120,045
Technical Sentiment Signal: Buy
Current Market Cap: C$496.5M
Find detailed analytics on GRA stock on TipRanks’ Stock Analysis page.