Northern Graphite (CVE:NGC) Shares Down 10.5% – Should You Sell?

Northern Graphite Co. (CVE:NGC) fell 10.5% on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 256,808 shares traded hands during mid-day 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 Trading Down 10.5%

The firm has a market capitalization of C$14.11 million, a PE ratio of -0.45 and a beta of -1.33. The firm has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.15. The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09.

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.