Shares of Northern Graphite Co. (CVE:NGC – Get Free Report) fell 14.8% on Monday . The company traded as low as C$0.10 and last traded at C$0.12. 190,487 shares were traded during mid-day trading, an increase of 161% from the average session volume of 72,998 shares. The stock had previously closed at C$0.14.
Northern Graphite Trading Down 4.3 %
The business has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.10. The firm has a market capitalization of C$14.41 million, a price-to-earnings ratio of -0.44 and a beta of 0.38. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91.
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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