Northern Graphite (CVE:NGC) Trading Up 2.6% – Here’s What Happened

by · The Markets Daily

Northern Graphite Co. (CVE:NGC – Get Free Report) shares shot up 2.6% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.20. 292,404 shares traded hands during trading, an increase of 70% from the average session volume of 171,957 shares. The stock had previously closed at C$0.20.

Northern Graphite Price Performance

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 business’s 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.13. The company has a market capitalization of C$28.19 million, a P/E ratio of -1.00 and a beta of -0.22.

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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