TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Northern Graphite ( (TSE:NGC) ) just unveiled an announcement.
Northern Graphite Corporation has announced a non-brokered private placement of up to 20 million common shares at a price of C$0.11 per share, aiming to raise C$2.2 million. The proceeds will be used to finance a feasibility study for a Battery Anode Material facility in Baie-Comeau, Québec, as well as for working capital and corporate expenses. This initiative is part of Northern Graphite’s strategy to enhance its position in the battery materials market, potentially impacting its operational capabilities and market reach.
Spark’s Take on TSE:NGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGC is a Neutral.
Northern Graphite’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and high leverage. While technical analysis shows some positive trends, the stock’s valuation is concerning due to ongoing losses. However, positive corporate events, including strategic positioning amid U.S. tariffs and intellectual property acquisitions, provide potential growth opportunities.
To see Spark’s full report on TSE:NGC stock, click here.
More about Northern Graphite
Northern Graphite is a Canadian company listed on the TSX Venture Exchange, recognized as the only flake graphite producer in North America. The company is focused on becoming a leader in producing natural graphite and upgrading it into high-value products essential for the green economy, such as anode materials for lithium-ion batteries, fuel cells, and graphene. Northern Graphite’s assets include the Lac des Iles mine in Quebec, the Bissett Creek project in Ontario, and the Okanjande graphite mine in Namibia, all of which have ‘battery quality’ graphite and are located in politically stable regions.
Average Trading Volume: 222,600
Technical Sentiment Signal: Buy
Current Market Cap: C$20.81M
For an in-depth examination of NGC stock, go to TipRanks’ Overview page.