Shares of Mason Graphite Inc (CVE:LLG) were up 10.3% during mid-day trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22, approximately 105,645 shares changed hands during mid-day trading. A decline of 19% from the average daily volume of 130,427 shares. The stock had previously closed at C$0.20.
Separately, National Bank Financial cut their price target on Mason Graphite from C$0.90 to C$0.60 and set an “outperform” rating for the company in a research note on Monday, October 7th.
The firm has a market capitalization of $29.29 million and a price-to-earnings ratio of 35.83. The company has a debt-to-equity ratio of 4.33, a current ratio of 1.95 and a quick ratio of 1.93. The firm’s 50-day simple moving average is C$0.22 and its 200 day simple moving average is C$0.30.
Mason Graphite Inc, a mining and processing company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It owns a 100% interest in the Lac Guéret graphite property, which consists of 215 claims covering an area of 11,630 hectares located in northeastern Quebec.
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