Northern Graphite (CVE:NGC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Northern Graphite Co. (CVE:NGC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.15 and traded as high as C$0.18. Northern Graphite shares last traded at C$0.18, with a volume of 269,180 shares trading hands.

Northern Graphite Trading Up 2.9%

The stock has a market cap of C$25.79 million, a PE ratio of -0.73 and a beta of -0.34. 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 stock has a fifty day moving average price of C$0.19 and a 200 day moving average price of C$0.15.

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.