Northern Graphite Co. (CVE:NGC – Get Free Report)’s share price shot up 38.9% on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. 262,376 shares changed hands during mid-day trading, an increase of 299% from the average session volume of 65,677 shares. The stock had previously closed at C$0.09.
Northern Graphite Price Performance
The firm has a 50 day moving average of C$0.11 and a two-hundred day moving average of C$0.12. The company has a market cap of C$16.38 million, a PE ratio of -0.50 and a beta of 0.38. The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09.
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.
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