Northern Graphite (CVE:NGC) Trading 17.6% Higher – Should You Buy?

Shares of Northern Graphite Co. (CVE:NGC) were up 17.6% during mid-day trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 173,890 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 98,820 shares. The stock had previously closed at C$0.09.

Northern Graphite Price Performance

The company has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10. The company has a market cap of C$16.38 million, a P/E ratio of -0.34 and a beta of 0.38. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35.

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.