Canada Carbon (CVE:CCB) Shares Up 25% – Time to Buy?

Canada Carbon Inc. (CVE:CCB) was up 25% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 152,000 shares were traded during trading, an increase of 52% from the average daily volume of 100,228 shares. The stock had previously closed at C$0.02.

Canada Carbon Stock Up 33.3 %

The firm has a market cap of C$4.11 million, a price-to-earnings ratio of -2.00 and a beta of 0.69. The stock’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02.

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.