Northern Graphite (CVE:NGC) Shares Up 33.3% – Here’s Why

Northern Graphite Co. (CVE:NGC)’s share price traded up 33.3% on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.34. 1,134,656 shares changed hands during trading, an increase of 103% from the average session volume of 559,072 shares. The stock had previously closed at C$0.26.

Northern Graphite Stock Up 29.4%

The company has a market cap of C$48.63 million, a price-to-earnings ratio of -1.38 and a beta of -0.32. The stock has a 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.16. The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09.

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.