Great Lakes Graphite (CVE:GLK) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Great Lakes Graphite Inc (CVE:GLKGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.03 and traded as high as C$0.04. Great Lakes Graphite shares last traded at C$0.04, with a volume of 73,021 shares trading hands.

Great Lakes Graphite Stock Performance

The firm has a market capitalization of C$4.64 million and a PE ratio of -1.75. The company’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04.

Great Lakes Graphite Company Profile

(Get Free Report)

Great Lakes Graphite Inc, doing business as NovoCarbon Corporation, engages in the acquisition and exploration of mineral properties in Canada. It holds a 100% interest in the Lochaber graphite project, which includes 45 claims covering 2,649 hectares located in the Buckingham Graphite region in Outaouais/Gatineau, Québec. The company was formerly known as Shield Gold Inc and changed its name to Great Lakes Graphite Inc in May 2014. Great Lakes Graphite Inc is based in Toronto, Canada.

Further Reading

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