Northern Graphite (CVE:NGC) Shares Up 39.2% – Time to Buy?

Northern Graphite Co. (CVE:NGC)’s stock price rose 39.2% on Thursday . The company traded as high as C$0.36 and last traded at C$0.36. Approximately 1,996,280 shares were traded during mid-day trading, an increase of 182% from the average daily volume of 707,005 shares. The stock had previously closed at C$0.26.

Northern Graphite News Roundup

Here are the key news stories impacting Northern Graphite this week:

• Positive Sentiment: Northern Graphite and Al Obeikan have formed a joint venture to build a battery anode material plant in Saudi Arabia, positioning NGC into downstream battery supply for EVs and energy storage — a strategic move that could materially increase future revenue and market relevance. Northern Graphite, Al Obeikan form JV to build battery anode plant in Saudi Arabia
• Positive Sentiment: Coverage highlights the deal size (~US$200M) and the strategic partner, signaling significant capital commitment and access to Saudi industrial/energy infrastructure — factors that can de-risk scaling to export-grade anode material. Northern Graphite to build $200M Saudi plant with partner
• Neutral Sentiment: Northern Graphite and Al Obeikan signed a term sheet outlining the US$200M plant plan — an important step but not a final binding agreement; definitive documentation, approvals and financing remain to be completed. Northern Graphite and Al Obeikan Group for Investment Company Sign Term Sheet for US$200 Million Battery Anode Material Plant in Kingdom of Saudi Arabia
• Negative Sentiment: Execution and financing risks are material: a US$200M project is large relative to Northern Graphite’s market cap (~C$52.3M). The company’s recent balance-sheet metrics (current ratio 0.35, quick ratio 0.91, debt-to-equity 318.09) suggest limited internal capacity to fund large capex without partners, external financing, or dilution — watch for how the JV will be funded and what NGC’s cash/equity commitment will be.

Northern Graphite Price Performance

The firm has a market cap of C$52.32 million, a P/E ratio of -1.48 and a beta of -0.32. 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’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.16.

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. 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.