Northern Graphite (CVE:NGC) Shares Up 21.4% – Here’s What Happened

Shares of Northern Graphite Co. (CVE:NGC) traded up 21.4% on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 170,323 shares traded hands during trading, an increase of 146% from the average session volume of 69,366 shares. The stock had previously closed at C$0.14.

Northern Graphite Stock Down 3.2 %

The firm has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.10. The stock has a market capitalization of C$19.65 million, a price-to-earnings ratio of -0.60 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.

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.