Northern Graphite (CVE:NGC) Reaches New 12-Month Low – What’s Next?

Northern Graphite Co. (CVE:NGC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 64407 shares trading hands. The stock had previously closed at C$0.10.

Northern Graphite Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The company has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.17. The stock has a market cap of C$17.43 million, a PE ratio of -0.58 and a beta of -1.18.

About Northern Graphite

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. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.