Nouveau Monde Graphite Inc (NMG) is trading 8% higher at $4.37 today.
While the energy sector is performing well today, NMG seems to be outperforming by several percent. More likely is that NMG is joining peers in the clean and alternative energy sectors that are surging on forward progress in the The Inflation Reduction Act of 2022, as senators Chuck Schumer and Joe Manchin find common ground and the bill proceeds towards Congress.
Nouveau Monde Graphite Inc has been trading between a 52-week high of $9.57 and a 52-week low of $3.38. The stock has a market cap of $244 Million.
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green battery anode material in Québec, Canada. Targeting commercial operations by 2023, the Company is developing advanced carbon-neutral graphite-based material solutions for the growing lithium-ion and fuel cell markets.