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

Shares of Canada Carbon Inc. (CVE:CCB) were up 100% during mid-day trading on Tuesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 648,696 shares were traded during mid-day 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 Stock Performance

The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The stock has a market capitalization of C$4.11 million, a P/E ratio of -2.00 and a beta of 0.69.

Canada Carbon Company Profile

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.