Northern Graphite (CVE:NGC) Shares Down 14.8% – Here’s What Happened

Shares of Northern Graphite Co. (CVE:NGC) fell 14.8% on Monday . The stock traded as low as C$0.10 and last traded at C$0.12. 190,487 shares traded hands during mid-day trading, an increase of 161% from the average session volume of 72,998 shares. The stock had previously closed at C$0.14.

Northern Graphite Stock Down 7.4 %

The firm has a market capitalization of C$16.38 million, a PE ratio of -0.50 and a beta of 0.38. The firm’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.10. 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.