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Northern Graphite
(NGC)
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Rating:41Neutral
Price Target:
C$0.12
▼(-45.91% Downside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by very weak financial performance—shrinking revenue, heavy losses, persistent negative free cash flow, and especially negative equity with meaningful debt. Technical indicators add a modestly negative tilt (price below key moving averages and negative MACD), while valuation provides limited support due to ongoing losses and no dividend.
Positive Factors
Battery-market exposure
Northern Graphite's product focus on natural graphite for industrial and battery applications aligns with multi-year structural demand in energy storage and electrification. This end-market exposure supports durable revenue opportunity if the company achieves stable production and offtake execution.
Negative Factors
Declining revenue & negative margins
Steep top-line contraction and deeply negative margins indicate core operations are not covering costs, creating a durable earnings deficit. Without sustained revenue recovery or material margin improvement, profitability risks remain persistent and impair reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Battery-market exposure
Northern Graphite's product focus on natural graphite for industrial and battery applications aligns with multi-year structural demand in energy storage and electrification. This end-market exposure supports durable revenue opportunity if the company achieves stable production and offtake execution.
Read all positive factors
Northern Graphite (NGC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$20.75M
Dividend YieldN/A
Average Volume (3M)232.88K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue Growth-28.47%
EPS Growth33.59%
CountryCA
Employees76
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.18
Shares Outstanding166,013,670
10 Day Avg. Volume182,000
30 Day Avg. Volume232,875
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.65
Price to Sales (P/S)1.28
P/FCF Ratio-16.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)C$91.50M
Northern Graphite Business Overview & Revenue Model
Company Description
Northern Graphite Corporation is a Canadian enterprise dedicated to the exploration and development of graphite properties. The company's primary asset is the Bissett Creek graphite project, located in southern Ontario, Canada, which consists of t...
How the Company Makes Money
Northern Graphite primarily makes money by selling natural graphite products produced from its mining and processing activities. Its revenue model is based on: (1) Graphite product sales: generating revenue through the sale of processed graphite (...
Northern Graphite Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.23M | 22.73M | 17.10M | 11.99M | 0.00 |
| Gross Profit | -3.96M | -310.00K | 1.93M | 2.65M | -31.50K |
| EBITDA | -10.77M | -20.96M | -14.55M | -7.79M | -3.19M |
| Net Income | -21.31M | -38.80M | -23.64M | -14.55M | -3.23M |
Balance Sheet | |||||
| Total Assets | 73.53M | 77.24M | 91.23M | 102.06M | 19.66M |
| Cash, Cash Equivalents and Short-Term Investments | 2.54M | 373.00K | 3.60M | 5.64M | 4.33M |
| Total Debt | 47.68M | 41.10M | 27.55M | 21.90M | 0.00 |
| Total Liabilities | 111.48M | 98.64M | 75.44M | 65.88M | 1.92M |
| Stockholders Equity | -37.95M | -21.40M | 15.79M | 36.18M | 17.73M |
Cash Flow | |||||
| Free Cash Flow | -1.54M | -1.70M | -9.65M | -16.96M | -2.08M |
| Operating Cash Flow | 2.27M | -1.18M | -4.73M | -10.51M | -1.40M |
| Investing Cash Flow | -4.87M | -563.00K | -4.48M | -51.57M | -1.30M |
| Financing Cash Flow | 4.77M | -1.01M | 7.34M | 63.38M | 5.06M |
Northern Graphite Technical Analysis
Negative
0.22
Price Trends
0.15
Negative
0.17
Negative
0.19
Negative
Market Momentum
>-0.01
Negative
37.49
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NGC, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.15, and above the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NGC.
Northern Graphite Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | C$15.54M | -25.00 | -5.19% | ― | ― | 86.05% | |
46 Neutral | C$40.94M | -8.51 | -16.33% | ― | ― | -29.85% | |
44 Neutral | C$6.00M | -1.08 | -28.23% | ― | ― | -106.55% | |
41 Neutral | C$20.75M | -0.72 | 115.07% | ― | -28.47% | 33.59% |
* Basic Materials Sector Average
TSE:NGC
Northern Graphite
0.13
<0.01
4.17%
TSE:AMY
RecycLiCo Battery Materials
0.06
<0.01
20.00%
TSE:FMS
Focus Graphite
0.37
0.23
164.29%
TSE:LMR
Lomiko Metals
0.08
-0.04
-34.78%
TSE:IBAT
International Battery Metals
0.13
-0.24
-64.86%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.