Northern Graphite (CVE:NGC) Stock Price Up 39.2% – Here’s Why

Northern Graphite Co. (CVE:NGC) shares shot up 39.2% during trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. 1,996,280 shares changed hands during mid-day trading, an increase of 182% from the average session volume of 707,005 shares. The stock had previously closed at C$0.26.

Northern Graphite News Summary

Here are the key news stories impacting Northern Graphite this week:

• Positive Sentiment: Term sheet with Al Obeikan for a US$200M battery anode-material plant — signals potential project funding, a large-scale buildout in Saudi Arabia and strategic access to GCC markets; this is the primary catalyst driving buying interest. Northern Graphite and Al Obeikan Group for Investment Company Sign Term Sheet
• Neutral Sentiment: Term sheet is an important milestone but typically non?binding — the project still needs definitive agreements, permitting, engineering, and offtake/operational contracts before revenue is realized.
• Negative Sentiment: Execution and financial risks remain — Northern Graphite has thin current liquidity (current ratio ~0.35), a high debt-to-equity (~318%), and negative earnings, so the deal’s benefits depend on closing financing and on-time execution; delays or higher costs would pressure the stock.

Northern Graphite Price Performance

The company has a market capitalization of C$52.32 million, a P/E ratio of -1.48 and a beta of -0.32. The stock’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.16. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.

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.