Northern Graphite (CVE:NGC) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Northern Graphite Co. (CVE:NGC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.10 and traded as high as C$0.16. Northern Graphite shares last traded at C$0.16, with a volume of 23,500 shares changing hands.

Northern Graphite Stock Up 14.8 %

The company has a current ratio of 0.35, a quick ratio of 0.91 and a debt-to-equity ratio of 318.09. The stock’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.10. The company has a market cap of C$20.31 million, a P/E ratio of -0.62 and a beta of 0.38.

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.