Canada Carbon (CVE:CCB) Shares Up 33.3% – Time to Buy?

Canada Carbon Inc. (CVE:CCB)’s share price rose 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 130,000 shares changed hands during trading, a decline of 37% from the average daily volume of 207,868 shares. The stock had previously closed at C$0.02.

Canada Carbon Stock Performance

The company has a market capitalization of C$4.11 million, a P/E ratio of -2.00 and a beta of 0.69. The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.03.

About Canada Carbon

Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.