Northern Graphite (CVE:NGC) Trading Up 20% – Here’s Why

Northern Graphite Co. (CVE:NGC)’s stock price shot up 20% during trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. 173,604 shares changed hands during trading, an increase of 121% from the average session volume of 78,428 shares. The stock had previously closed at C$0.13.

Northern Graphite Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The business has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of C$0.10. The stock has a market cap of C$19.65 million, a P/E ratio of -0.60 and a beta of 0.38.

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.