Northern Graphite (CVE:NGC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Northern Graphite Co. (CVE:NGC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.19 and traded as high as C$0.24. Northern Graphite shares last traded at C$0.24, with a volume of 156,774 shares changing hands.

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 stock has a 50-day moving average price of C$0.23 and a 200-day moving average price of C$0.19. The company has a market capitalization of C$34.63 million, a price-to-earnings ratio of -0.98 and a beta of -0.29.

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. 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.