Northern Graphite (CVE:NGC) Stock Price Up 37.3% – What’s Next?
by Scott Moore · The Cerbat GemNorthern Graphite Co. (CVE:NGC – Get Free Report)’s share price rose 37.3% during trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 1,896,047 shares traded hands during trading, an increase of 179% from the average daily volume of 680,479 shares. The stock had previously closed at C$0.26.
Northern Graphite Trading Up 39.2%
The business has a 50 day simple moving average of C$0.19 and a 200-day simple moving average of C$0.16. The stock has a market capitalization of C$52.32 million, a price-to-earnings ratio of -1.48 and a beta of -0.32. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.
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.