Northern Graphite (CVE:NGC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Northern Graphite Co. (CVE:NGC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.10 and traded as high as C$0.14. Northern Graphite shares last traded at C$0.13, with a volume of 27,964 shares changing hands.

Northern Graphite Trading Down 10.7 %

The firm has a market cap of C$16.38 million, a P/E ratio of -0.50 and a beta of 0.38. 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’s fifty day moving average is C$0.15 and its two-hundred day 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.