Northern Graphite (CVE:NGC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Northern Graphite Co. (CVE:NGC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.18 and traded as high as C$0.32. Northern Graphite shares last traded at C$0.27, with a volume of 543,919 shares changing hands.

Northern Graphite Trading Down 11.7%

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 company has a market capitalization of C$39.05 million, a P/E ratio of -1.10 and a beta of -0.29. The firm’s 50-day moving average price is C$0.22 and its 200 day moving average price is C$0.18.

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. 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.