Northern Graphite (CVE:NGC) Shares Up 42.1% – Time to Buy?

Northern Graphite Co. (CVE:NGC)’s share price rose 42.1% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 1,550,740 shares were traded during mid-day trading, an increase of 1,833% from the average daily volume of 80,219 shares. The stock had previously closed at C$0.10.

Northern Graphite Stock Performance

The stock has a market cap of C$17.03 million, a PE ratio of -0.52 and a beta of 0.38. The firm’s 50-day moving average is C$0.09 and its 200 day moving average is C$0.11. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35.

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.