Northern Graphite (CVE:NGC) Shares Up 26.9% – Should You Buy?

Northern Graphite Co. (CVE:NGCGet Free Report) shares were up 26.9% on Monday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 163,914 shares changed 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 stock has a market capitalization of C$21.62 million, a P/E ratio of -0.66 and a beta of 0.38. 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 fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.10.

Northern Graphite Company Profile

(Get Free Report)

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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