Northern Graphite (CVE:NGC) Stock Price Up 26.9% – Here’s Why

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

Northern Graphite Price Performance

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

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.