Northern Graphite (CVE:NGC) Trading 12.5% Higher – What’s Next?

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

Northern Graphite Trading Up 15.0 %

The company has a market capitalization of C$15.07 million, a PE ratio of -0.46 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 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 issued its quarterly earnings data on Wednesday, August 28th. The company reported C($0.07) earnings per share (EPS) for the quarter. Northern Graphite had a negative net margin of 163.55% and a negative return on equity of 234.36%. The firm had revenue of C$5.47 million during 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.