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

Northern Graphite Co. (CVE:NGC) shares traded down 11.1% on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. 104,322 shares traded hands during 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 Price Performance

The company’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.12. The company has a debt-to-equity ratio of 318.09, a current ratio of 0.35 and a quick ratio of 0.91. The firm has a market cap of C$10.48 million, a P/E ratio of -0.36 and a beta of 0.41.

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

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.