Northern Graphite (CVE:NGC) Stock Price Up 7.7% – Still a Buy?

Northern Graphite Co. (CVE:NGCGet Free Report) rose 7.7% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 279,849 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 171,400 shares. The stock had previously closed at C$0.20.

Northern Graphite Price Performance

The company’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.13. 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 firm has a market capitalization of C$28.19 million, a price-to-earnings ratio of -1.00 and a beta of -0.22.

About Northern Graphite

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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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