Northern Graphite (CVE:NGC) Stock Price Up 21.4% – Should You Buy?

by · The Cerbat Gem

Northern Graphite Co. (CVE:NGC – Get Free Report)’s stock price rose 21.4% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 170,323 shares traded hands during trading, an increase of 146% from the average daily volume of 69,366 shares. The stock had previously closed at C$0.14.

Northern Graphite Trading Down 3.2 %

The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The firm’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.10. The stock has a market capitalization of C$19.65 million, a P/E ratio of -0.60 and a beta of 0.38.

Northern Graphite Company Profile

(Get Free Report)

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.

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