Northern Graphite (CVE:NGC) Stock Price Up 20%

Northern Graphite Co. (CVE:NGC)’s share price rose 20% during trading on Monday . The stock traded as high as C$0.14 and last traded at C$0.09. Approximately 126,002 shares changed hands during mid-day trading, an increase of 38% from the average daily volume of 91,093 shares. The stock had previously closed at C$0.08.

Northern Graphite Stock Performance

The company has a debt-to-equity ratio of 318.09, a current ratio of 1.20 and a quick ratio of 0.91. The firm has a fifty day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.14. The firm has a market capitalization of C$9.15 million, a P/E ratio of -0.32 and a beta of 0.42.

Northern Graphite (CVE:NGC) last posted its quarterly earnings results on Thursday, May 30th. The company reported C($0.07) earnings per share for the quarter. Northern Graphite had a negative return on equity of 137.14% and a negative net margin of 151.33%. The firm had revenue of C$5.53 million for the quarter.

About Northern Graphite

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.