Northern Graphite (CVE:NGC) Trading Up 9.1% – Time to Buy?

by · The Cerbat Gem

Northern Graphite Co. (CVE:NGC – Get Free Report) shares rose 9.1% on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 108,167 shares changed hands during trading, a decline of 82% from the average daily volume of 604,432 shares. The stock had previously closed at C$0.22.

Northern Graphite Price 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 company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.16. The firm has a market capitalization of C$35.37 million, a price-to-earnings ratio of -1.00 and a beta of -0.32.

About Northern Graphite

(Get Free Report)

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.

Recommended Stories