Northern Graphite (CVE:NGC) Hits New 1-Year Low – Here’s Why

Northern Graphite Co. (CVE:NGC)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 56573 shares traded. The stock had previously closed at C$0.11.

Northern Graphite Price Performance

The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The firm has a market capitalization of C$18.26 million, a P/E ratio of -0.61 and a beta of -1.15. The firm’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.19.

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.