Northern Graphite (CVE:NGC) Trading Up 17.9% – What’s Next?

Shares of Northern Graphite Co. (CVE:NGC) rose 17.9% during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 153,921 shares were traded during trading, an increase of 223% from the average daily volume of 47,603 shares. The stock had previously closed at C$0.14.

Northern Graphite Stock Up 3.2 %

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 stock’s 50-day moving average price is C$0.12 and its two-hundred day moving average price is C$0.10. The stock has a market capitalization of C$20.96 million, a PE ratio of -0.64 and a beta of 0.38.

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.