Northern Graphite (CVE:NGC) Shares Up 38.9% – Should You Buy?

Northern Graphite Co. (CVE:NGC)’s stock price traded up 38.9% during mid-day trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. 262,376 shares traded hands during mid-day trading, an increase of 299% from the average session volume of 65,677 shares. The stock had previously closed at C$0.09.

Northern Graphite Price Performance

The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The firm has a market cap of C$13.76 million, a P/E ratio of -0.42 and a beta of 0.38. The firm’s 50 day moving average is C$0.11 and its 200 day moving average is C$0.12.

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.