Shares of Northern Graphite Co. (CVE:NGC – Get Free Report) traded down 10.5% during trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. 256,808 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 173,189 shares. The stock had previously closed at C$0.10.
Northern Graphite Stock Down 10.5%
The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The stock has a market capitalization of C$14.11 million, a P/E ratio of -0.45 and a beta of -1.33. The business has a 50-day moving average price of C$0.12 and a 200 day moving average price of C$0.15.
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.
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