Northern Graphite (CVE:NGC) Shares Up 2.9% – Should You Buy?

Northern Graphite Co. (CVE:NGC) shot up 2.9% on Monday . The stock traded as high as C$0.18 and last traded at C$0.18. 58,567 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 180,214 shares. The stock had previously closed at C$0.17.

Northern Graphite Price Performance

The firm has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.15. 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 firm has a market cap of C$26.53 million, a P/E ratio of -0.75 and a beta of -0.34.

Northern Graphite Company Profile

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.