Northern Graphite Co. (CVE:NGC – Get Free Report) shot up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.18. 328,922 shares changed hands during trading, an increase of 224% from the average session volume of 101,641 shares. The stock had previously closed at C$0.14.
Northern Graphite Stock Up 21.4 %
The business’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.10. The company has a market capitalization of C$22.27 million, a PE ratio of -0.68 and a beta of 0.38. The company has a quick ratio of 0.91, a current ratio of 0.35 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.
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