Northern Graphite (CVE:NGC) Shares Up 13.6% – Still a Buy?

Northern Graphite Co. (CVE:NGC)’s share price shot up 13.6% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 279,221 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 616,566 shares. The stock had previously closed at C$0.22.

Northern Graphite Trading Up 2.0%

The business has a 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.16. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09. The company has a market cap of C$36.84 million, a PE ratio of -1.04 and a beta of -0.32.

About Northern Graphite

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.