Northern Graphite (CVE:NGC) Trading Down 14.8% – Should You Sell?

Northern Graphite Co. (CVE:NGC) shares dropped 14.8% on Monday . The company traded as low as C$0.10 and last traded at C$0.12. Approximately 190,487 shares were traded during trading, an increase of 161% from the average daily volume of 72,998 shares. The stock had previously closed at C$0.14.

Northern Graphite Price Performance

The firm has a market capitalization of C$17.69 million, a price-to-earnings ratio of -0.54 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. The company’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.10.

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.