Northern Graphite (CVE:NGC) Stock Price Up 20% – What’s Next?

Northern Graphite Co. (CVE:NGC) shares rose 20% during trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 173,604 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 78,428 shares. The stock had previously closed at C$0.13.

Northern Graphite Stock Up 20.0 %

The business has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.10. 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 stock has a market cap of C$19.65 million, a PE ratio of -0.60 and a beta of 0.38.

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.