Shares of SRG Graphite Inc (CVE:SRG) traded up 26.9% during mid-day trading on Friday . The stock traded as high as C$1.05 and last traded at C$0.99. 125,125 shares changed hands during mid-day trading, an increase of 254% from the average session volume of 35,346 shares. The stock had previously closed at C$0.78.
Separately, National Bank Financial lowered their price objective on shares of SRG Graphite from C$2.35 to C$1.65 and set an “outperform” rating on the stock in a research note on Thursday, December 13th.
The company has a quick ratio of 5.39, a current ratio of 5.51 and a debt-to-equity ratio of 1.28.
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About SRG Graphite (CVE:SRG)
SRG Graphite Inc engages in the mineral exploration and development business in Africa. It holds 100% interests in Lola graphite and cobalt-nickel-scandium Gogota projects located in the Republic of Guinea, West Africa. The company was formerly known as Sama Graphite Inc and changed its name to SRG Graphite Inc in June 2017.
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