Northern Graphite (CVE:NGC) Shares Down 14.3%

Northern Graphite Co. (CVE:NGC) shares fell 14.3% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. 123,847 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 93,311 shares. The stock had previously closed at C$0.07.

Northern Graphite Stock Performance

The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 1.20. The company has a 50 day moving average price of C$0.10 and a 200 day moving average price of C$0.13. The company has a market capitalization of C$8.52 million, a PE ratio of -0.30 and a beta of 0.42.

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.