Northern Graphite (CVE:NGC) Trading Up 7.7% – What’s Next?

Northern Graphite Co. (CVE:NGCGet Free Report) was up 7.7% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 279,849 shares changed hands during trading, an increase of 63% from the average daily volume of 171,400 shares. The stock had previously closed at C$0.20.

Northern Graphite Price Performance

The stock has a 50 day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.13. The company has a market cap of C$26.85 million, a price-to-earnings ratio of -0.95 and a beta of -0.29. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.

About Northern Graphite

(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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