Northern Graphite (CVE:NGC) Stock Price Up 38.9% – Here’s Why

Northern Graphite Co. (CVE:NGC) shares rose 38.9% on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 262,376 shares traded hands during trading, an increase of 299% from the average daily volume of 65,677 shares. The stock had previously closed at C$0.09.

Northern Graphite Stock Performance

The company has a market capitalization of C$13.76 million, a price-to-earnings ratio of -0.42 and a beta of 0.38. 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 stock has a fifty day moving average price of C$0.11 and a two-hundred day moving average price of C$0.12.

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.