Canada Carbon (CVE:CCB) Shares Up 100% – Should You Buy?

Canada Carbon Inc. (CVE:CCBGet Free Report) shares were up 100% during trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 648,696 shares changed hands during trading, an increase of 187% from the average daily volume of 225,675 shares. The stock had previously closed at C$0.01.

Canada Carbon Price Performance

The stock has a market capitalization of C$4.11 million, a price-to-earnings ratio of -2.00 and a beta of 0.69. The company has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Canada Carbon Company Profile

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Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.

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