Canada Carbon (CVE:CCB) Trading 100% Higher – Here’s What Happened

Canada Carbon Inc. (CVE:CCB) shares were up 100% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 648,696 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 225,675 shares. The stock had previously closed at C$0.01.

Canada Carbon Price Performance

The firm has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The firm has a market cap of C$4.11 million, a PE ratio of -2.00 and a beta of 0.69.

About Canada Carbon

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.