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An announcement from Northern Graphite ( (TSE:NGC) ) is now available.
Northern Graphite and partners Rain Carbon Germany, H.C. Starck Tungsten and Friedrich Schiller University Jena have launched USE-G, a three-year, €1.7 million German-funded R&D program to develop cleaner, less energy-intensive and China-independent graphite processing technologies for Europe’s battery industry, including the purification and coating of natural graphite and the recovery of graphite from recycled battery materials. Under the program, Northern Graphite will supply natural graphite from its Canadian and Namibian mines and conduct milling, shaping and final battery testing in Germany, while its partners will pioneer chlorine-based purification, sustainable carbon coating processes and graphite extraction from battery recycling “black mass,” with the long-term aim of creating a next-generation European anode material that integrates both natural and recycled graphite and bolsters a more secure, circular and environmentally sustainable European battery supply chain.
The most recent analyst rating on (TSE:NGC) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Northern Graphite stock, see the TSE:NGC Stock Forecast page.
Spark’s Take on TSE:NGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGC is a Neutral.
The score is held down primarily by severe financial distress (declining revenue, very negative margins, negative equity, and weak cash generation). Technicals provide some support due to strong trend versus key moving averages and positive MACD, but extremely overbought RSI/Stoch signals add near-term risk. Valuation is not supportive because losses drive a negative P/E and no dividend yield is available.
To see Spark’s full report on TSE:NGC stock, click here.
More about Northern Graphite
Northern Graphite Corporation is a graphite producer with operations in Canada and a mine in Namibia currently on care and maintenance, both capable of supplying natural graphite suitable for battery applications. The company targets the fast-growing lithium-ion battery market by providing battery-grade graphite and is seeking to strengthen its role in European supply chains as the region looks to reduce reliance on Chinese processing technologies.
YTD Price Performance: 55.56%
Average Trading Volume: 368,678
Technical Sentiment Signal: Buy
Current Market Cap: C$41.26M
See more data about NGC stock on TipRanks’ Stock Analysis page.