Northern Graphite (CVE:NGC) Hits New 52-Week Low – What’s Next?

Northern Graphite Co. (CVE:NGC)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 132025 shares. The stock had previously closed at C$0.09.

Northern Graphite Stock Performance

The stock has a market capitalization of C$14.11 million, a PE ratio of -0.45 and a beta of -1.33. The company’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.15. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.

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.