Shares of Northern Graphite Corp (TSXV: NGC), a junior mining company, has witnessed a strong share price rally after climbing more than 14% touching new intraday highs during each of the past two consecutive trading days with significant number of shares exchanging hands. In the last trading session, NGC was among the top gainers in the Canadian diversified mining sector after gaining 14.9% and closed yesterday at its 52-week high of C$1.08 while recording huge volumes of 2.5 million shares. During the last 5-trading sessions, NGC gained 35% with 5-day average trading volumes of 665,919 shares, while the stock accumulated over 59% during the past one month with daily average trading volumes of 156,601 shares. NGC has surged over 35% year-to-date. However, NGC denied of any material change or corporate development that would account for the recent increase in the company’s share price.
Company Description:
Northern Graphite Corp (TSXV: NGC) is a mineral exploration and development company. The company owns the Bissett Creek project located in Ontario, Canada where it intends to explore for graphite concentrate.
1-Year Stock Chart:
Source: Bloomberg
