Northern Graphite Co. (CVE:NGC – Get Free Report)’s share price shot 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 changed 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 Price Performance
The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The firm has a market capitalization of C$29.54 million, a PE ratio of -1.05 and a beta of -0.22. The firm’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.13.
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.
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