Northern Graphite Co. (CVE:NGC – Get Free Report) shares shot up 18.5% on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 161,909 shares were traded during mid-day trading, an increase of 58% from the average session volume of 102,548 shares. The stock had previously closed at C$0.14.
Northern Graphite Price Performance
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 company has a market capitalization of C$19.65 million, a PE ratio of -0.56 and a beta of 0.38. The company’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.10.
About Northern Graphite
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.
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