Northern Graphite (CVE:NGC) Hits New 12-Month Low – Here’s Why

Shares of Northern Graphite Co. (CVE:NGCGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 132025 shares. The stock had previously closed at C$0.09.

Northern Graphite Price Performance

The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The business’s fifty day moving average is C$0.12 and its 200 day moving average is C$0.15. The company has a market cap of C$14.11 million, a P/E ratio of -0.45 and a beta of -1.33.

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. 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.

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