Canada Carbon (CVE:CCB) Trading 25% Higher – Here’s Why

Canada Carbon Inc. (CVE:CCBGet Free Report) shares traded up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 152,000 shares changed hands during trading, an increase of 52% from the average session volume of 100,228 shares. The stock had previously closed at C$0.02.

Canada Carbon Price Performance

The business’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The stock has a market cap of C$5.13 million, a price-to-earnings ratio of -2.50 and a beta of 0.69.

Canada Carbon Company Profile

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Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.

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