Mason Graphite (CVE:LLG) Trading Up 12.5%

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Mason Graphite Inc (CVE:LLG)’s share price rose 12.5% during trading on Wednesday . The company traded as high as C$0.32 and last traded at C$0.32, approximately 161,599 shares were traded during trading. An increase of 25% from the average daily volume of 129,078 shares. The stock had previously closed at C$0.28.

Separately, National Bank Financial lowered their price objective on Mason Graphite from C$1.65 to C$0.90 and set an “outperform” rating on the stock in a research note on Wednesday, May 15th.

The company has a debt-to-equity ratio of 4.33, a quick ratio of 1.86 and a current ratio of 1.87. The business has a 50 day simple moving average of C$0.29 and a 200-day simple moving average of C$0.35. The firm has a market capitalization of $38.14 million and a price-to-earnings ratio of 16.67.

About Mason Graphite (CVE:LLG)

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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