Shares of Northern Graphite Co. (CVE:NGC – Get Free Report) traded up 20% during trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. 173,604 shares changed hands during mid-day trading, an increase of 121% from the average session volume of 78,428 shares. The stock had previously closed at C$0.13.
Northern Graphite Price Performance
The firm has a market cap of C$19.65 million, a price-to-earnings ratio of -0.60 and a beta of 0.38. The company’s fifty day moving average is C$0.14 and its 200 day moving average is 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.
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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