Great Lakes Graphite (CVE:GLK) Shares Cross Below 200-Day Moving Average – Time to Sell?

Great Lakes Graphite Inc (CVE:GLKGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.04 and traded as low as C$0.04. Great Lakes Graphite shares last traded at C$0.04, with a volume of 73,021 shares changing hands.

Great Lakes Graphite Price Performance

The business’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. The company has a market cap of C$4.64 million and a PE ratio of -1.75.

Great Lakes Graphite Company Profile

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Great Lakes Graphite Inc, doing business as NovoCarbon Corporation, engages in the acquisition and exploration of mineral properties in Canada. It holds a 100% interest in the Lochaber graphite project, which includes 45 claims covering 2,649 hectares located in the Buckingham Graphite region in Outaouais/Gatineau, Québec. The company was formerly known as Shield Gold Inc and changed its name to Great Lakes Graphite Inc in May 2014. Great Lakes Graphite Inc is based in Toronto, Canada.

Further Reading

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