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Nouveau Monde Graphite Inc(NMG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NMG
11/03/2026: NMG (1-star) is currently NOT-A-BUY. Pass it for now.
Nouveau Monde Graphite is a development-stage mining company focused on producing high-purity, battery-grade graphite for the electric vehicle supply chain. The company’s core strength lies in its integrated 'mine-to-battery' model and access to sustainable hydroelectric energy in Quebec, which attracts ESG-focused automotive partners. Its primary growth story is the potential to become a key North American supplier of battery-anode material. However, the company faces significant risks including high capital intensity, potential shareholder dilution, and competition from established global producers. It is best suited for investors with a long-term time horizon willing to accept high volatility while monitoring progress on construction financing and final production milestones.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | NMG is a high-risk, high-reward play on EV supply chain adoption rather than an established growth company. |
| Momentum investor | Mixed fit | Momentum varies based on news flow regarding project development and off-take deals rather than consistent earnings performance. |
| Value investor | Weak fit | NMG is currently a capital-consuming developer and lacks the earnings or cash flow history required for value investing. |
| Dividend investor | Weak fit | The company is in a capital-intensive development phase and does not offer dividend income. |
| Low-risk investor | Weak fit | The speculative nature of mining and processing development implies high volatility and significant downside risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to news on financing, construction progress, and graphite market prices. |
| Valuation risk | High | Valuation is speculative as the company has yet to achieve full-scale production. |
| Competition risk (battery materials) | High | Established global players have significant scale and cost advantages over developing miners. |
| Business quality | Medium | The business model is sound in principle but carries high execution and capital risks. |
| Dividend income | Low / none | The company does not generate the cash flow necessary to pay dividends. |
| Execution risk | High | Successfully transitioning from developer to operator is a massive operational and financial hurdle. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -15.41% | Avg. Invested days 16 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/03/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 299.73M USD | Price to earnings Ratio - | 1Y Target Price 3.69 |
Price to earnings Ratio - | 1Y Target Price 3.69 | ||
Volume (30-day avg) 436.5K shares | Beta 0.78 | 52 Weeks Range 0.87 - 3.59 | Updated Date 11/03/2026 |
52 Weeks Range 0.87 - 3.59 | Updated Date 11/03/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.32 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Graphite Production | Mining natural flake graphite and converting it into battery-grade anode material. | The company makes money by processing raw minerals into high-value battery components. |
Valuation
Trailing PE - | Forward PE 44.84 | Enterprise Value -9.26M | Price to Sales(TTM) - |
Enterprise Value -9.26M | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -6.24 | Shares Outstanding 329.16M | Shares Floating 192.03M |
Shares Outstanding 329.16M | Shares Floating 192.03M | ||
Percent Insiders 43.24 | Percent Institutions 26.77 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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