Northern Graphite (CVE:NGC) Stock Price Up 29.4% – What’s Next?
by Scott Moore · The Cerbat GemNorthern Graphite Co. (CVE:NGC – Get Free Report) rose 29.4% during trading on Wednesday . The company traded as high as C$0.35 and last traded at C$0.33. Approximately 1,382,542 shares were traded during trading, an increase of 117% from the average daily volume of 637,590 shares. The stock had previously closed at C$0.26.
Northern Graphite Price Performance
The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The firm’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.16. The stock has a market cap of C$49.37 million, a PE ratio of -1.40 and a beta of -0.32.
Northern Graphite Company Profile
Northern Graphite Corporation engages in the acquisition, exploration, development, and production of graphite and other battery mineral properties in North America. The company holds 100% interests in the Bissett Creek graphite project located in southern Canada, which comprises Ontario mining lease number 109550 covering 565 hectares, and Ontario mining lease number 109335 covering 1,938 hectares; Lac-des-Îles graphite mine in Quebec; and the Mousseau West graphite project located in Quebec. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.