Great Lakes Graphite (CVE:GLK) Shares Cross Below 200-Day Moving Average – Time to Sell?
by Michael Walen · The Markets DailyGreat Lakes Graphite Inc (CVE:GLK – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.04 and traded as low as C$0.04. Great Lakes Graphite shares last traded at C$0.04, with a volume of 73,021 shares changing hands.
Great Lakes Graphite Price Performance
The business’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. The company has a market cap of C$4.64 million and a PE ratio of -1.75.
Great Lakes Graphite Company Profile
Great Lakes Graphite Inc, doing business as NovoCarbon Corporation, engages in the acquisition and exploration of mineral properties in Canada. It holds a 100% interest in the Lochaber graphite project, which includes 45 claims covering 2,649 hectares located in the Buckingham Graphite region in Outaouais/Gatineau, Québec. The company was formerly known as Shield Gold Inc and changed its name to Great Lakes Graphite Inc in May 2014. Great Lakes Graphite Inc is based in Toronto, Canada.