Northern Graphite (CVE:NGC) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Northern Graphite Co. (CVE:NGC – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.19 and traded as high as C$0.24. Northern Graphite shares last traded at C$0.24, with a volume of 156,774 shares changing hands.

Northern Graphite Trading Up 4.3%

The stock has a market capitalization of C$36.10 million, a P/E ratio of -1.02 and a beta of -0.29. The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The business has a 50-day moving average price of C$0.23 and a two-hundred day moving average price of C$0.19.

Northern Graphite Company Profile

(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.

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