Nouveau Monde Graphite Inc.
NMG · Miscellaneous Metal Ores · EDGAR filings ↗
Grade
D48Pre-revenue graphite developer with deeply negative returns and tight liquidity.
Strengths
- Very low debt (D/E 0.01) and reasonable cash balance (64th pct)
- Net loss narrowed year over year
Risks
- Deeply negative returns (ROE -132% / 8th pct, ROA -60%, ROIC -58%) with no operating revenue
- Weak liquidity (current ratio 0.87, 25th pct) and only ~5 quarters of runway against heavy capex needs
Notable findings
- Cash burnNegative free cash flow (-40.8M)
- Weak liquidityCurrent ratio 0.87 (<1)
Key metrics
Return on equity
-131.7%
Return on assets
-60.3%
ROIC
-58.5%
Debt / equity
0.0×
Current ratio
0.9×
Free cash flow
-$41M
Tangible book value
$58M
Cash & investments
$54M
Cash runway
5q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-26 | 2025-12-31 | 0001104659-26-034697 ↗ |
| 40-F | 2025-03-31 | 2024-12-31 | 0001558370-25-004085 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001558370-24-004147 ↗ |
| 40-F | 2023-03-24 | 2022-12-31 | 0001104659-23-036286 ↗ |
| 40-F | 2022-03-30 | 2021-12-31 | 0001104659-22-040207 ↗ |