Northern Graphite (CVE:NGC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Northern Graphite Co. (CVE:NGC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.20 and traded as high as C$0.23. Northern Graphite shares last traded at C$0.22, with a volume of 86,658 shares traded.

Northern Graphite Stock Performance

The company has a market capitalization of C$32.42 million, a P/E ratio of -0.92 and a beta of -1.28. The stock has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.20. 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

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. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.