Northern Graphite (CVE:NGC) Trading 2.9% Higher – What’s Next?

Northern Graphite Co. (CVE:NGC)’s stock price was up 2.9% on Monday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 58,567 shares changed hands during trading, a decline of 68% from the average daily volume of 180,214 shares. The stock had previously closed at C$0.17.

Northern Graphite Price Performance

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 company has a market capitalization of C$28.74 million, a PE ratio of -0.81 and a beta of -0.34. The company’s 50-day simple moving average is C$0.19 and its 200-day simple moving average is C$0.15.

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.