Northern Graphite (CVE:NGC) Shares Up 26.9% – Still a Buy?

Northern Graphite Co. (CVE:NGC) shares shot up 26.9% during mid-day trading on Monday . The stock traded as high as C$0.17 and last traded at C$0.17. 163,914 shares traded hands during trading, an increase of 58% from the average session volume of 103,679 shares. The stock had previously closed at C$0.13.

Northern Graphite Stock Up 26.9 %

The firm has a market capitalization of C$21.62 million, a PE ratio of -0.66 and a beta of 0.38. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The business has a 50-day moving average price of C$0.10 and a 200-day moving average price of C$0.10.

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.