Northern Graphite (CVE:NGC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Northern Graphite Co. (CVE:NGCGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.11 and traded as high as C$0.12. Northern Graphite shares last traded at C$0.12, with a volume of 21,500 shares trading hands.

Northern Graphite Price Performance

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 company has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.11. The stock has a market cap of C$13.76 million, a price-to-earnings ratio of -0.42 and a beta of 0.38.

Northern Graphite Company Profile

(Get Free Report)

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.

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