Northern Graphite Co. (CVE:NGC – Get Free Report)’s share price dropped 14.8% on Monday . The company traded as low as C$0.10 and last traded at C$0.12. Approximately 190,487 shares changed hands during mid-day trading, an increase of 161% from the average daily volume of 72,998 shares. The stock had previously closed at C$0.14.
Northern Graphite Price Performance
The firm has a market cap of C$14.41 million, a P/E ratio of -0.44 and a beta of 0.38. 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 stock’s 50-day moving average is C$0.14 and its 200-day moving average is C$0.10.
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.
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