Northern Graphite (CVE:NGC) Shares Up 25% – Here’s Why

Shares of Northern Graphite Co. (CVE:NGC) rose 25% on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 328,922 shares changed hands during mid-day trading, an increase of 224% from the average daily volume of 101,641 shares. The stock had previously closed at C$0.14.

Northern Graphite Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The firm has a market cap of C$20.96 million, a P/E ratio of -0.64 and a beta of 0.38. The business has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.10.

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.