Northern Graphite (CVE:NGC) Trading Down 10.5% – Here’s What Happened

Northern Graphite Co. (CVE:NGCGet Free Report) traded down 10.5% during mid-day trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09. 256,808 shares were traded during trading, an increase of 48% from the average daily volume of 173,189 shares. The stock had previously closed at C$0.10.

Northern Graphite Stock Performance

The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The company has a market capitalization of C$14.94 million, a PE ratio of -0.47 and a beta of -1.33. The firm’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.15.

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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