Canada Carbon (CVE:CCB) Trading 33.3% Higher – Still a Buy?

Canada Carbon Inc. (CVE:CCB) shares shot up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 156,035 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 205,029 shares. The stock had previously closed at C$0.02.

Canada Carbon Stock Up 33.3 %

The firm has a market cap of C$4.11 million, a P/E ratio of -1.50 and a beta of 0.69. The business has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03.

Canada Carbon Company Profile

Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.