GMG given $8 price target by Globe & Mail! GMG was given an $8 price target by the Globe & Mail, citiing "meaningful upside"!
https://www.stockwatch.com/News/Item/Z-C!GMG-3343476/C/GMG
The Globe and Mail reports in its Wednesday, Dec. 14, edition that H.C. Wainwright analyst Amit Dayal rates Graphene Manufacturing Group "buy" in new coverage. The Globe's David Leeder writes that Mr. Dayal is currently the only analyst covering the stock, which he targets at $8. He says Graphene Manufacturing is an "under followed stock with meaningful upside." Mr. Dayal says in a note: [Graphene] is an early-stage company seeking to commercialize, we believe, a disruptive graphene-producing technology that uses methane gas to produce high-grade graphene in bulk quantities at a very low cost. ... The company's current product pipeline includes graphene powder, graphene-based Thermal-XR (TXR) HVAC coating systems, graphene aluminium-ion (G+AI) batteries, and liquid graphene in the form of lubricants, coolants, and graphene-enhanced diesel solutions. Initial testing results from the company's flagship G+AI batteries have shown the potential to compete or beat lithium-ion (Li-ion) battery applications in consumer electronics, electric vehicles, and the energy storage market. ... We believe the company's small size, Canadian listing, and limited sell-side coverage have prevented discovery of the stock."