Northern Graphite Co. (CVE:NGC – Get Free Report) shares were up 11.1% during mid-day trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 217,017 shares were traded during trading, a decline of 9% from the average daily volume of 238,299 shares. The stock had previously closed at C$0.14.
Northern Graphite Stock Down 3.2%
The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The firm has a market cap of C$22.11 million, a P/E ratio of -0.63 and a beta of -0.77. The company’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.21.
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. 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.
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