Northern Graphite (CVE:NGC) Trading 26.9% Higher – Here’s Why

Northern Graphite Co. (CVE:NGCGet Free Report)’s stock price rose 26.9% on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 163,914 shares traded hands during trading, an increase of 58% from the average daily volume of 103,679 shares. The stock had previously closed at C$0.13.

Northern Graphite Price Performance

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 company’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.10. The company has a market cap of C$21.62 million, a price-to-earnings ratio of -0.66 and a beta of 0.38.

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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