Northern Graphite (CVE:NGC) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Northern Graphite Co. (CVE:NGC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.19. Northern Graphite shares last traded at C$0.19, with a volume of 18,625 shares.

Northern Graphite Stock Performance

The firm has a market cap of C$27.26 million, a PE ratio of -0.77 and a beta of -0.57. 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 firm’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.21.

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.