Northern Graphite (CVE:NGC) Trading 25.7% Higher – Here’s What Happened

Northern Graphite Co. (CVE:NGC)’s share price traded up 25.7% during mid-day 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 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 Trading Up 25.7%

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

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.