Northern Graphite (CVE:NGC) Shares Up 2.9% – Time to Buy?

Northern Graphite Co. (CVE:NGC)’s stock price rose 2.9% on Monday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 58,567 shares were traded during trading, a decline of 68% from the average daily volume of 180,214 shares. The stock had previously closed at C$0.17.

Northern Graphite Stock Performance

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 firm’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.15. The firm has a market cap of C$28.74 million, a price-to-earnings ratio of -0.81 and a beta of -0.34.

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.