Northern Graphite (CVE:NGC) Share Price Passes Below 200-Day Moving Average – Should You Sell?
by Danessa Lincoln · The Markets DailyShares of Northern Graphite Co. (CVE:NGC – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.13. Northern Graphite shares last traded at C$0.14, with a volume of 341,525 shares trading hands.
Northern Graphite Stock Performance
The firm has a market capitalization of C$22.41 million, a price-to-earnings ratio of -0.75 and a beta of -1.25. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35. The stock’s fifty day moving average is C$0.15 and its two-hundred day moving average is C$0.20.
About Northern Graphite
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.