Northern Graphite (CVE:NGC) Stock Price Up 29.4% – Time to Buy?

Northern Graphite Co. (CVE:NGCGet Free Report) traded up 29.4% on Wednesday . The company traded as high as C$0.35 and last traded at C$0.33. 1,382,542 shares changed hands during trading, an increase of 117% from the average session volume of 637,590 shares. The stock had previously closed at C$0.26.

Northern Graphite Stock Performance

The business has a 50-day moving average of C$0.19 and a two-hundred day moving average of C$0.16. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The company has a market cap of C$49.37 million, a P/E ratio of -1.40 and a beta of -0.32.

About Northern Graphite

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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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