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An announcement from Northern Graphite ( (TSE:NGC) ) is now available.
Northern Graphite has raised C$1.35 million through a non-brokered private placement of 10.8 million common shares at C$0.125 each, completing a previously announced C$2.2 million financing package, with The BMI Group acting as lead investor. The funds will support a feasibility study for Northern’s planned battery anode material facility at Baie-Comeau, Québec, as well as general working capital, advancing the company’s mine-to-market strategy and its partnership with BMI to repurpose a former paper mill site into a key node in North America’s battery supply chain, potentially accelerating time to market and reinforcing Canada’s critical minerals strategy.
The most recent analyst rating on (TSE:NGC) stock is a Hold with a C$0.15 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.
Northern Graphite’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, negative margins, and high leverage. Technical analysis further supports a bearish outlook with weak momentum and oversold conditions. The valuation is unattractive due to negative earnings and lack of dividends. These factors collectively suggest a high-risk investment with limited upside potential.
To see Spark’s full report on TSE:NGC stock, click here.
More about Northern Graphite
Northern Graphite Corporation is a Canadian-listed company and currently the only flake graphite producer in North America. It aims to become a global leader in natural graphite production and in upgrading graphite into high-value products for the green economy, including battery anode material for lithium-ion electric-vehicle batteries, fuel cells, graphene and advanced industrial applications. Its portfolio includes the producing Lac des Iles mine in Quebec, the large-scale Bissett Creek project in Ontario, and the fully permitted Okanjande graphite mine in Namibia, all hosting battery-quality graphite and located in politically stable, infrastructure-rich jurisdictions.
YTD Price Performance: 10.0%
Average Trading Volume: 345,767
Technical Sentiment Signal: Buy
Current Market Cap: C$24.32M
For detailed information about NGC stock, go to TipRanks’ Stock Analysis page.