Northern Graphite Co. (CVE:NGC – Get Free Report)’s share price shot up 39.2% during mid-day trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. 1,996,280 shares were traded during mid-day trading, an increase of 182% from the average session volume of 707,005 shares. The stock had previously closed at C$0.26.
Northern Graphite Price Performance
The company’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.16. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35. The firm has a market cap of C$52.32 million, a price-to-earnings ratio of -1.48 and a beta of -0.32.
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. 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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