Northern Graphite Co. (CVE:NGC – Get Free Report) was down 11.6% during mid-day trading on Thursday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 217,005 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 179,389 shares. The stock had previously closed at C$0.22.
Northern Graphite Trading Down 4.9%
The firm has a fifty day moving average of C$0.18 and a 200-day moving average of C$0.14. 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 market capitalization of C$26.18 million, a price-to-earnings ratio of -0.93 and a beta of -0.29.
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.
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