Northern Graphite (CVE:NGC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Northern Graphite Co. (CVE:NGC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.17. Northern Graphite shares last traded at C$0.17, with a volume of 188,238 shares trading hands.

Northern Graphite Price Performance

The stock’s fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.21. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The firm has a market cap of C$24.32 million, a price-to-earnings ratio of -0.69 and a beta of -0.57.

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.