Northern Graphite (CVE:NGC) Shares Down 9.1% – Here’s What Happened

Northern Graphite Co. (CVE:NGC) shares fell 9.1% on Monday . The company traded as low as C$0.15 and last traded at C$0.15. 151,659 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 236,903 shares. The stock had previously closed at C$0.17.

Northern Graphite Trading Down 18.2%

The firm has a market cap of C$19.89 million, a price-to-earnings ratio of -0.56 and a beta of -0.77. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35. The business has a fifty day moving average of C$0.19 and a two-hundred day moving average of C$0.21.

Northern Graphite Company Profile

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.