Northern Graphite (CVE:NGC) Stock Price Down 11.1%

Northern Graphite Co. (CVE:NGC)’s stock price traded down 11.1% during trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. 104,322 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 98,475 shares. The stock had previously closed at C$0.09.

Northern Graphite Stock Performance

The stock has a market capitalization of C$10.48 million, a price-to-earnings ratio of -0.36 and a beta of 0.41. The company’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.12. The company has a quick ratio of 0.91, a current ratio of 0.35 and a debt-to-equity ratio of 318.09.

Northern Graphite (CVE:NGC) last released its quarterly earnings data on Wednesday, August 28th. The company reported C($0.07) EPS for the quarter. Northern Graphite had a negative net margin of 163.55% and a negative return on equity of 234.36%. The company had revenue of C$5.47 million during 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.