Canada Carbon (CVE:CCB) Shares Up 100% – Still a Buy?

Canada Carbon Inc. (CVE:CCBGet Free Report)’s share price traded up 100% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 597,696 shares were traded during mid-day trading, an increase of 165% from the average session volume of 225,436 shares. The stock had previously closed at C$0.01.

Canada Carbon Trading Up 100.0 %

The firm’s fifty day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The stock has a market capitalization of C$4.11 million, a price-to-earnings ratio of -2.00 and a beta of 0.69.

About Canada Carbon

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Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.

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