Great Lakes Graphite (CVE:GLK) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Great Lakes Graphite Inc (CVE:GLK)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.03 and traded as high as C$0.04. Great Lakes Graphite shares last traded at C$0.04, with a volume of 73,021 shares.

Great Lakes Graphite Stock Performance

The firm’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The stock has a market capitalization of C$4.64 million and a P/E ratio of -1.75.

Great Lakes Graphite Company Profile

Great Lakes Graphite Inc, doing business as NovoCarbon Corporation, engages in the acquisition and exploration of mineral properties in Canada. It holds a 100% interest in the Lochaber graphite project, which includes 45 claims covering 2,649 hectares located in the Buckingham Graphite region in Outaouais/Gatineau, Québec. The company was formerly known as Shield Gold Inc and changed its name to Great Lakes Graphite Inc in May 2014. Great Lakes Graphite Inc is based in Toronto, Canada.