Northern Graphite (CVE:NGC) Shares Up 42.1% – Here’s Why

Northern Graphite Co. (CVE:NGC) was up 42.1% on Friday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 1,550,740 shares traded hands during trading, an increase of 1,833% from the average daily volume of 80,219 shares. The stock had previously closed at C$0.10.

Northern Graphite Trading Up 42.1%

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 market capitalization of C$17.69 million, a P/E ratio of -0.54 and a beta of 0.38. The firm’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.11.

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.