Northern Graphite (CVE:NGC) Shares Pass Below 50-Day Moving Average of $0.14
Northern Graphite Corp (CVE:NGC) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.14 and traded as low as $0.13. Northern Graphite shares last traded at $0.13, with a volume of 16,600 shares trading hands.
The business’s 50-day moving average is C$0.14. The company has a market capitalization of $8.14 million and a PE ratio of -12.27.
Northern Graphite (CVE:NGC) last posted its earnings results on Wednesday, April 17th. The company reported C($0.01) EPS for the quarter.
Northern Graphite Corporation explores for and develops mineral properties in Canada. It holds a 100% interest in the Bissett Creek graphite project covering an area of approximately 3,662 hectares located in southeastern Ontario. The company was formerly known as Industrial Minerals Canada Inc and changed its name to Northern Graphite Corporation in March 2010.
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