Northern Graphite (CVE:NGC) Shares Up 25.7% – Should You Buy?

Northern Graphite Co. (CVE:NGCGet Free Report) shares shot up 25.7% during trading on Saturday . The stock traded as high as C$0.23 and last traded at C$0.22. 511,438 shares traded hands during mid-day trading, an increase of 214% from the average session volume of 162,760 shares. The stock had previously closed at C$0.18.

Northern Graphite Stock Performance

The stock has a market cap of C$29.54 million, a PE ratio of -1.05 and a beta of -0.22. The company has a fifty day moving average price of C$0.16 and a 200 day moving average price of C$0.13. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09.

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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