Northern Graphite Co. (CVE:NGC – Get Free Report) was up 42.1% during trading on Friday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 1,550,740 shares changed hands 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 Price Performance
The firm has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.11. The stock has a market capitalization of C$17.03 million, a P/E ratio of -0.52 and a beta of 0.38. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.
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.
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