Northern Graphite (CVE:NGC) Stock Price Up 39.2% – Still a Buy?

Northern Graphite Co. (CVE:NGC) shares shot up 39.2% on Thursday . The stock traded as high as C$0.36 and last traded at C$0.36. 1,996,280 shares changed hands during trading, an increase of 182% from the average session volume of 707,005 shares. The stock had previously closed at C$0.26.

Trending Headlines about Northern Graphite

Here are the key news stories impacting Northern Graphite this week:

• Positive Sentiment: Announced a JV with Al Obeikan to build a battery anode plant in Saudi Arabia — this shifts Northern Graphite further downstream into higher‑margin anode materials for EV batteries, which can materially boost future revenue and valuation. Northern Graphite, Al Obeikan form JV to build battery anode plant in Saudi Arabia
• Positive Sentiment: Signed a term sheet for a US$200M battery anode material plant with Al Obeikan Group — partner provides Saudi market access and potential project funding/offtake, de‑risking capital requirements for Northern Graphite. Northern Graphite and Al Obeikan Group for Investment Company Sign Term Sheet for US$200 Million Battery Anode Material Plant in Kingdom of Saudi Arabia
• Neutral Sentiment: Multiple outlets report the US$200M Saudi plant plan and partnership — coverage confirms market interest but details on capacity, timeline and final agreements remain limited. Northern Graphite to build $200M Saudi plant with partner
• Negative Sentiment: Execution and financing risk remain: the announcements are a term sheet/JV formation, not a finished, funded project; Northern Graphite’s reported weak current ratio and high debt-to-equity imply it may rely heavily on partner funding or additional capital raises.

Northern Graphite Price Performance

The stock has a market cap of C$52.32 million, a PE ratio of -1.48 and a beta of -0.32. The business’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is C$0.16. 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 Company Profile

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. It also has an option to earn up to an 80% interest in the South Okak nickel-copper-cobalt project located southeast of Voisey's Bay, Labrador.