Northern Graphite (CVE:NGC) Trading Down 21.6% – Time to Sell?

Northern Graphite Co. (CVE:NGC) dropped 21.6% on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 139,630 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 104,542 shares. The stock had previously closed at C$0.19.

Northern Graphite Stock Performance

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 firm has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10. The stock has a market capitalization of C$18.34 million, a PE ratio of -0.74 and a beta of 0.38.

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.