Canada Carbon (CVE:CCB) Stock Price Up 100% – Still a Buy?

Canada Carbon Inc. (CVE:CCB)’s share price shot up 100% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 648,696 shares were traded during mid-day trading, an increase of 187% from the average session volume of 225,675 shares. The stock had previously closed at C$0.01.

Canada Carbon Stock Up 100.0 %

The business’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The stock has a market cap 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.