Northern Graphite (CVE:NGC) Trading Up 25% – Here’s Why

Shares of Northern Graphite Co. (CVE:NGC) shot up 25% on Tuesday . The company traded as high as C$0.18 and last traded at C$0.18. 330,422 shares changed hands during trading, an increase of 202% from the average session volume of 109,391 shares. The stock had previously closed at C$0.14.

Northern Graphite Trading Up 3.2 %

The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35. The firm has a market cap of C$20.96 million, a price-to-earnings ratio of -0.64 and a beta of 0.38. The business has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.10.

Northern Graphite Company Profile

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.