Northern Graphite (CVE:NGC) Shares Down 16.7%

Northern Graphite Co. (CVE:NGC) shares were down 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 360,229 shares were traded during mid-day trading, an increase of 309% from the average daily volume of 87,972 shares. The stock had previously closed at C$0.09.

Northern Graphite Trading Down 11.1 %

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 318.09. The company has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.14. The firm has a market cap of C$10.45 million, a price-to-earnings ratio of -0.36 and a beta of 0.42.

Northern Graphite (CVE:NGC) last posted its quarterly earnings results on Thursday, May 30th. The company reported C($0.07) EPS for the quarter. Northern Graphite had a negative net margin of 151.33% and a negative return on equity of 137.14%. The company had revenue of C$5.53 million for the quarter.

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.