Northern Graphite (CVE:NGC) Stock Price Down 11.6% – Time to Sell?

Northern Graphite Co. (CVE:NGC)’s share price dropped 11.6% on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 217,005 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 179,389 shares. The stock had previously closed at C$0.22.

Northern Graphite Stock Down 11.6%

The business’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.14. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The company has a market capitalization of C$25.51 million, a PE ratio of -0.90 and a beta of -0.29.

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.