Northern Graphite (CVE:NGC) Trading Up 38.9% – Should You Buy?

Northern Graphite Co. (CVE:NGCGet Free Report)’s share price was up 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 mid-day 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 PE ratio of -0.42 and a beta of 0.38. The stock’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.12. 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

(Get Free Report)

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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