Northern Graphite (CVE:NGC) Shares Down 14.8% – Here’s What Happened

Shares of Northern Graphite Co. (CVE:NGCGet Free Report) traded down 14.8% during trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.19. 286,211 shares changed hands during trading, an increase of 61% from the average session volume of 178,194 shares. The stock had previously closed at C$0.22.

Northern Graphite Stock Performance

The company’s 50 day moving average is C$0.17 and its 200-day moving average is C$0.13. The firm has a market capitalization of C$28.19 million, a P/E ratio of -1.00 and a beta of -0.29. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09.

About Northern Graphite

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Northern Graphite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Graphite and related companies with MarketBeat.com's FREE daily email newsletter.