Northern Graphite (CVE:NGC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Northern Graphite Co. (CVE:NGCGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.14. Northern Graphite shares last traded at C$0.13, with a volume of 446,683 shares.

Northern Graphite Price Performance

The business has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of C$0.11. The stock has a market cap of C$17.45 million, a PE ratio of -0.62 and a beta of 0.14. 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

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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.

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