Northern Graphite (CVE:NGC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Northern Graphite Co. (CVE:NGC)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.20 and traded as high as C$0.24. Northern Graphite shares last traded at C$0.23, with a volume of 240,593 shares trading hands.

Northern Graphite Stock Performance

The stock has a market cap of C$35.37 million, a P/E ratio of -1.00 and a beta of -0.29. 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 fifty day moving average of C$0.25 and a 200 day moving average of C$0.20.

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. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.