Northern Graphite (CVE:NGC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Northern Graphite Co. (CVE:NGCGet Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.12. Northern Graphite shares last traded at C$0.12, with a volume of 61,005 shares trading hands.

Northern Graphite Stock Performance

The company has a fifty day moving average price of C$0.11 and a two-hundred day moving average price of C$0.12. The company has a market capitalization of C$15.07 million, a P/E ratio of -0.46 and a beta of 0.38. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.

About Northern Graphite

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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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