Shares of Northern Graphite Co. (CVE:NGC – Get Free Report) were up 29.4% during mid-day trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.33. Approximately 1,632,547 shares changed hands during mid-day trading, an increase of 150% from the average daily volume of 652,845 shares. The stock had previously closed at C$0.26.
Northern Graphite Stock Up 33.3%
The firm has a market capitalization of C$50.10 million, a PE ratio of -1.42 and a beta of -0.32. The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The business’s 50 day simple moving average is C$0.19 and its 200 day simple moving average is C$0.16.
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. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.
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