Northern Graphite (CVE:NGC) Trading Up 26.9% – Time to Buy?

Northern Graphite Co. (CVE:NGC)’s stock price was up 26.9% during trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 163,914 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 103,679 shares. The stock had previously closed at C$0.13.

Northern Graphite Trading Up 26.9 %

The stock has a market capitalization of C$21.62 million, a P/E ratio of -0.66 and a beta of 0.38. The firm’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.10. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09.

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.