Northern Graphite (CVE:NGC) Shares Up 12.5% – Here’s What Happened

Northern Graphite Co. (CVE:NGC) shares traded up 12.5% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.09. 171,200 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 99,953 shares. The stock had previously closed at C$0.08.

Northern Graphite Stock Up 25.0 %

The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The company has a market capitalization of C$13.10 million, a price-to-earnings ratio of -0.32 and a beta of 0.38. The firm’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.11.

Northern Graphite (CVE:NGC) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C($0.07) earnings per share for the quarter. Northern Graphite had a negative return on equity of 234.36% and a negative net margin of 163.55%. The company had revenue of C$5.47 million for the quarter.

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.