Northern Graphite (CVE:NGC) Hits New 1-Year Low – What’s Next?

Northern Graphite Co. (CVE:NGC)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 12394 shares traded. The stock had previously closed at C$0.09.

Northern Graphite Trading Down 5.9%

The stock has a 50-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 cap of C$13.28 million, a PE ratio of -0.42 and a beta of -1.33. The company has a debt-to-equity ratio of 318.09, a quick ratio of 0.91 and a current ratio of 0.35.

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. 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.