Graphene is a supermaterial made of a thin sheet of graphite that is latticed in hexagonal shapes. It is used in everything from electrical engineering to lithium-ion and EV batteries.
This article will discuss our choice for 5 of the best graphene stocks in Canada this year.
- NanoXplore Inc (GRA.TO)
- Zentek Ltd (ZEN.V)
- G6 Materials (GGG.V)
- Graphene Manufacturing Group (GMG.V)
- Elcora Advanced Materials (ERA.V)
The Best Graphene Stocks in Canada
1. NanoXplore Inc.
Here are some key facts for this stock:
| Ticker Symbol | GRA.TO |
| Market Cap | $439.91 million |
| 52-Week Trading Range | $1.87 – $3.57 |
| Price to Sales (TTM) | 3.58 |
| 1-Year Return | -16.50% |
NanoXplore is a Canadian carbon and graphite manufacturing company established in 1995 and headquartered in Montreal. It produces materials used in several different industries, and 71% of its output is in the transportation sector.
Annual production has reached 4,000 metric tons of graphene powder, making it one of the largest pure graphene producers in the world. NanoXplore is focusing on the production of lithium-ion batteries. With graphene, NanoXplore extends life and reduces the charging time of EV batteries.
Some of NanoXplore’s top clients include Volvo, Ford, Daimler, Caterpillar, and General Electric.
2. Zentek Ltd.
Here are some key facts for this stock:
| Ticker Symbol | ZEN.V; NASDAQ: ZTEK |
| Market Cap | $161.31 million |
| 52-Week Trading Range | $1.30 – $2.30 |
| Price to Sales (TTM) | 3.42K |
| 1-Year Return | -28.90% |
Zentek Ltd is a graphene company that uses the material for healthcare technology products. This company was founded in 2008 and is headquartered in Thunder Bay, Ontario. Zentek’s stock is dual-listed on both the Canadian Venture Exchange and the NASDAQ in the US.
The main products that Zentek uses graphene for are medical supplies like surgical masks and HVAC air filters. Graphene is naturally anti-bacterial and allows for a more sanitized medical setting with protection against airborne viral loads.
Zentek is also working on other products, including corrosion protection for machinery, graphene-silicon anode battery technology, and even as a diesel fuel additive.
3. G6 Materials Corp
Here are some key facts for this stock:
| Ticker Symbol | GGG.V |
| Market Cap | $1.473 million |
| 52-Week Trading Range | $0.02 – $0.40 |
| Price to Sales (TTM) | 0.82 |
| 1-Year Return | -77.50% |
This graphene company is based in New York and listed on the Canadian Venture Exchange. G6 Materials is a nano-cap company with a market cap of just over $2 million.
G6 has four main revenue streams: air purification, conductive adhesives, advanced materials and composites, and direct sale of graphene materials. Its adhesives include industrial epoxies used in smart, flexible, and temperature-sensitive electronics.
4. Graphene Manufacturing Group Ltd
Here are some key facts for this stock:
| Ticker Symbol | GMG.V |
| Market Cap | $58.391 million |
| 52-Week Trading Range | $0.68 – $3.04 |
| Price to Sales (TTM) | 285.45 |
| 1-Year Return | -59.44% |
Graphene Manufacturing Group is another graphene company that trades on the Canadian Venture Exchange. This company was founded in 2016 and is headquartered in Australia, but has production operations across North America and Asia.
This graphene company also manufactures products for the automotive industry. These include automotive fluids and lubricants as well as a heat exchanger and coatings system for machinery.
On the horizon, Graphene Manufacturing is also developing an energy storage battery that uses graphene and aluminum-ion technology.
5. Elcora Advanced Materials Corp
Here are some key facts for this stock:
| Ticker Symbol | ERA.V |
| Market Cap | $6.815 million |
| 52-Week Trading Range | $0.02 – $0.13 |
| Price to Sales (TTM) | 37.04 |
| 1-Year Return | -66.67% |
This graphene company was founded in 2011 and is headquartered in Bedford, Nova Scotia. Elcora is positioning itself to be a vertically integrated graphene company which sets it apart from the other stocks on this list.
This means it would be involved in operations that range from mining and refining graphite to producing graphene and applying it to end products.
Elcora has a subsidiary that is dedicated entirely to Graphene research and development called Graphene Corp. This subsidiary is looking to get involved in the rechargeable battery industry with its graphite anode powder cells for lithium-ion batteries.
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What are Graphene Stocks?
Graphene stocks are companies that either produce graphene from graphite or use graphene in the production of goods like batteries or adhesives. Since graphene is still a relatively new and emerging industry, many of these stocks are still penny stocks that trade on the Venture Exchange.
How To Choose Graphene Stocks in Canada
Because most graphene stocks are not profitable and relatively new companies, it might be difficult to choose which ones to buy. Researching things like existing partnerships and products that are already on the market is a good indication that the company is already making sales.
It is challenging to use traditional metrics like price multiples or revenue growth since they are not as reliable for new companies.
Are Graphene Stocks a Good Investment?
The potential for graphene stocks is immense, although nobody truly knows how this industry will play out. Given that graphene is being used in technologies like rechargeable batteries and electric vehicles, the demand should only be higher in the future.
Right now, most graphene stocks are very speculative. There is a high potential for returns, but when those returns are made, it is anybody’s guess.
Downsides of Graphene Stocks
The downside of graphene stocks is how risky it can be to invest in an industry that is in its infancy. Sometimes, these investments can provide excellent returns, but they also have a chance of going to zero.
Keep in mind that most of the graphene stocks on our list are Canadian penny stocks, so there is already an inherent risk in buying them. Another risk with graphene is that another material or element comes along and replaces it in the production of batteries and other products.
Are there Graphene ETFs?
There are limited options for graphene ETFs right now. In fact, the only one that would qualify is the Global X Disruptive Materials ETF (NASDAQ: DMAT). This ETF invests in companies that produce metals and other raw materials.
Included in these metals and raw materials are both graphite and graphene. DMAT focuses on companies that produce these materials for industries like fuel cells, solar panels, robotics, and lithium batteries.
Methodology
Deciding on which graphene stocks to include on this list was not easy. There are plenty of other graphene stocks that are publicly listed on international stock exchanges. We wanted to focus on Canadian-listed stocks that also had some Canadian graphene operations.
Since most of these stocks are for relatively new companies, it was more about the potential they have in the future, rather than their current financial situations.
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