Northern Graphite (CVE:NGC) Shares Pass Below 200-Day Moving Average – Here’s Why
by Kim Johansen · The Markets DailyNorthern Graphite Co. (CVE:NGC – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.17. Northern Graphite shares last traded at C$0.17, with a volume of 188,238 shares traded.
Northern Graphite Stock Performance
The stock’s 50-day moving average is C$0.21 and its 200-day moving average is C$0.21. The stock has a market cap of C$25.05 million, a price-to-earnings ratio of -0.71 and a beta of -0.57. 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.