Northern Graphite Corporation (TSE:NGC)
:NGC
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Northern Graphite
(NGC)
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Rating:45Neutral
Price Target:
C$0.26
▲(17.27% Upside)
Action:ReiteratedDate:01/16/26
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.
Positive Factors
Structural EV and energy-storage demand
Northern Graphite operates in graphite, a material with durable structural demand from electric vehicle batteries and grid storage. This end-market shift is multi-year, underpinning long-term revenue opportunity even if near-term volumes or margins fluctuate.
Negative Factors
Severe revenue deterioration
A TTM revenue decline of this magnitude indicates a collapse in sales scale or material write-downs that undermines fixed-cost coverage and operating leverage. Persistently reduced top-line makes sustaining operations, funding capital needs, and restoring margins difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural EV and energy-storage demand
Northern Graphite operates in graphite, a material with durable structural demand from electric vehicle batteries and grid storage. This end-market shift is multi-year, underpinning long-term revenue opportunity even if near-term volumes or margins fluctuate.
Read all positive factors
Northern Graphite (NGC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.05M
Dividend YieldN/A
Average Volume (3M)232.88K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth2.76%
EPS Growth-1.06%
CountryCA
Employees76
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding165,976,170
10 Day Avg. Volume182,000
30 Day Avg. Volume232,875
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.95
Price to Sales (P/S)0.89
P/FCF Ratio-11.90
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 (NGC) is a Canadian company focused on the exploration, development, and production of graphite and graphite-related products. The company operates in the mining sector, primarily targeting the growing demand for grap...
How the Company Makes Money
Northern Graphite generates revenue primarily through the sale of graphite products, particularly natural flake graphite, which is increasingly required in the production of lithium-ion batteries and other high-tech applications. The company has e...
Northern Graphite Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
30
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.52M | 22.73M | 17.10M | 11.99M | 0.00 | 0.00 |
| Gross Profit | -2.76M | -310.00K | 1.93M | 2.65M | -31.50K | -34.18K |
| EBITDA | -10.71M | -20.96M | -14.55M | -7.79M | -3.19M | -833.95K |
| Net Income | -31.60M | -38.80M | -23.64M | -14.55M | -3.23M | -943.96K |
Balance Sheet | ||||||
| Total Assets | 70.23M | 77.24M | 91.23M | 102.06M | 19.66M | 15.22M |
| Cash, Cash Equivalents and Short-Term Investments | 585.00K | 373.00K | 3.60M | 5.64M | 4.33M | 1.39M |
| Total Debt | 45.91M | 41.10M | 27.55M | 21.90M | 0.00 | 0.00 |
| Total Liabilities | 105.66M | 98.64M | 75.44M | 65.88M | 1.92M | 553.66K |
| Stockholders Equity | -35.43M | -21.40M | 15.79M | 36.18M | 17.73M | 14.67M |
Cash Flow | ||||||
| Free Cash Flow | 557.00K | -1.70M | -9.65M | -16.96M | -2.08M | -700.36K |
| Operating Cash Flow | 1.88M | -1.18M | -4.73M | -10.51M | -1.40M | -525.45K |
| Investing Cash Flow | -2.38M | -563.00K | -4.48M | -51.57M | -1.30M | 352.22K |
| Financing Cash Flow | 753.00K | -1.01M | 7.34M | 63.38M | 5.06M | 0.00 |
Northern Graphite Technical Analysis
Negative
0.22
Price Trends
0.25
Negative
0.22
Negative
0.18
Positive
Market Momentum
-0.02
Positive
31.25
Neutral
>-0.01
Positive
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 0.22, below the 50-day MA of 0.25, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.25 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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% | |
45 Neutral | C$29.05M | -0.48 | 115.07% | ― | 2.76% | -1.06% | |
| ― | C$22.01M | -15.13 | -5.19% | ― | ― | 93.75% | |
50 Neutral | C$13.54M | -0.32 | 22.72% | ― | ― | 158.45% | |
43 Neutral | C$8.90M | -5.42 | -28.23% | ― | ― | -84.65% | |
42 Neutral | C$36.81M | -15.55 | -16.33% | ― | ― | -64.76% |
* Basic Materials Sector Average
TSE:NGC
Northern Graphite
0.18
0.08
84.21%
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0.09
0.04
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TSE:LLG
Mason Graphite
0.08
<0.01
14.29%
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TSE:LMR
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TSE:IBAT
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0.17
-0.36
-68.27%
Northern Graphite Corporate Events
Business Operations and Strategy
Northern Graphite Joins German-Funded Drive to Build Cleaner, China-Free Graphite Supply for Europe
Positive
Feb 2, 2026
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 RD program to develop cleaner, less energy-intensive and China-inde...
Business Operations and StrategyPrivate Placements and Financing
Northern Graphite, Al Obeikan to Build US$200 Million Battery Anode Plant in Saudi Arabia
Positive
Jan 14, 2026
Northern Graphite Corporation and Saudi Arabia’s Al Obeikan Group have signed a term sheet to create a joint venture to build a US$200 million battery anode material plant in Yanbu Industrial City, with Obeikan owning 51% and Northern 49%. T...
Business Operations and StrategyPrivate Placements and Financing
Northern Graphite Closes C$1.35 Million Financing to Advance Quebec Battery Anode Facility
Positive
Dec 22, 2025
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 disclosed C$2.2 million financing package. Led by follow-on investment from The BMI Group, ...
Business Operations and StrategyPrivate Placements and Financing
Northern Graphite Raises C$1.35 Million to Advance Baie-Comeau Battery Anode Facility
Positive
Dec 22, 2025
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 ...
Business Operations and StrategyExecutive/Board Changes
Northern Graphite Grants Stock Options to Non-Executive Directors
Positive
Dec 9, 2025
Northern Graphite has granted 2,860,000 stock options to its Non-Executive Directors as part of their compensation package, with options exercisable at $0.20 per share and expiring in December 2030. This move underscores the company’s commit...
Business Operations and StrategyFinancial Disclosures
Northern Graphite Reports Q3 2025 Results Amid Operational Challenges
Neutral
Dec 2, 2025
Northern Graphite announced its third-quarter 2025 results, highlighting operational challenges due to maintenance and technical issues at the Lac des Îles mine, which affected production and financial performance. However, the company is opt...
Business Operations and StrategyRegulatory Filings and Compliance
Northern Graphite Advances Lac des Iles Expansion Amid Maintenance
Neutral
Nov 20, 2025
Northern Graphite has temporarily placed its Lac des Iles mine and mill on care and maintenance to address an unexpected equipment issue and accelerate maintenance ahead of its 2026 pit expansion. This strategic decision, prompted by a bearing fai...
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.