Shares of Northern Graphite Co. (CVE:NGC – Get Free Report) rose 17.6% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 173,890 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 98,820 shares. The stock had previously closed at C$0.09.
Northern Graphite Stock Up 10.0 %
The firm has a market cap of C$14.41 million, a price-to-earnings ratio of -0.44 and a beta of 0.38. The firm’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.10. 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
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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