Canada Carbon (CVE:CCB) Trading Up 100% – Here’s What Happened

Shares of Canada Carbon Inc. (CVE:CCB) rose 100% during mid-day trading on Tuesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 597,696 shares traded hands during trading, an increase of 165% from the average daily volume of 225,436 shares. The stock had previously closed at C$0.01.

Canada Carbon Stock Performance

The company has a market cap of C$4.11 million, a P/E ratio of -2.00 and a beta of 0.69. The stock has a 50 day moving average price of C$0.02 and a 200 day moving average price of C$0.02.

About Canada Carbon

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.