Northern Graphite Co. (CVE:NGC – Get Free Report) was up 20% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 173,604 shares were traded during trading, an increase of 121% from the average daily volume of 78,428 shares. The stock had previously closed at C$0.13.
Northern Graphite Trading Up 20.0 %
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$19.65 million, a P/E ratio of -0.60 and a beta of 0.38. The firm’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.10.
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.
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