Northern Graphite (NGC) AI Stock Analysis

• Market Cap: C$26.58M
• Dividend Yield: N/A
• Average Volume (3M): 383.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: 13.10%
• EPS Growth: 18.64%
• Country: CA
• Employees: 76
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 134,252,290
• 10 Day Avg. Volume: 822,174
• 30 Day Avg. Volume: 383,359
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: C$0.00 ▼(-100.00% Downside)

Northern Graphite's stock score is primarily impacted by its weak financial performance, characterized by significant profitability and leverage issues. While technical indicators show some positive momentum, the negative valuation metrics further weigh down the overall score.

Northern Graphite Business Overview & Revenue Model

Company Description

Northern Graphite (NGC) is a Canadian mining company focused on the exploration and development of graphite projects in North America. The company aims to become a leading supplier of high-quality graphite products, which are essential for various industrial applications, including batteries, lubricants, and refractories. NGC's flagship project, the Bissett Creek Graphite Project, is designed to produce large flake graphite, which is highly sought after in the growing electric vehicle and energy storage markets.

How the Company Makes Money

Northern Graphite primarily generates revenue through the sale of graphite products produced from its mining operations. The company focuses on producing high-quality, large flake graphite, which commands premium prices in the market due to its various applications, particularly in the fast-growing electric vehicle sector. Key revenue streams include the sale of processed graphite to manufacturers in industries such as automotive, electronics, and renewable energy. Additionally, Northern Graphite may benefit from strategic partnerships, long-term supply agreements, and potential joint ventures that can provide stable demand for its products and enhance its market position. The company also explores opportunities to add value through downstream processing and product development, further contributing to its revenue potential.

Northern Graphite Financial Statement Overview

Summary

Northern Graphite's financial performance is under significant pressure, with negative profitability, high leverage, and liquidity challenges. The income statement, balance sheet, and cash flow scores are all low due to negative net profit margins, negative stockholders' equity, and persistent negative free cash flow.

Income Statement

Northern Graphite's income statement reveals significant challenges. The company experienced negative net profit margins, indicating consistent losses over the periods. The TTM net income significantly worsened to -$35.37 million compared to previous year figures. Revenue growth from 2024 to 2025 was negative, indicating a decline in sales. Both EBIT and EBITDA margins were negative, reflecting operational inefficiencies and high costs relative to revenue. These factors collectively result in a low score for the income statement.

Balance Sheet

The balance sheet presents a concerning scenario with negative stockholders' equity and a high debt load. The debt-to-equity ratio cannot be calculated due to negative equity, signaling financial instability and high leverage. The equity ratio is also negative, underscoring financial distress and potential insolvency risks. The company's assets have decreased over time, further highlighting balance sheet weaknesses.

Cash Flow

Cash flow analysis shows a slight improvement in operating cash flow, turning positive in TTM. However, free cash flow remains negative, raising concerns about liquidity and financial sustainability. The operating cash flow to net income ratio is not favorable due to persistent negative net income. While there's a slight improvement, the cash flow health remains weak, warranting a cautious outlook.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.78M	22.73M	17.10M	11.99M	0.00	0.00
Gross Profit	-1.86M	-310.00K	1.93M	2.65M	-31.50K	-34.18K
EBITDA	-7.46M	-20.96M	-14.55M	-7.79M	-3.19M	-833.95K
Net Income	-27.00M	-38.80M	-23.64M	-14.55M	-3.23M	-943.96K
Balance Sheet
Total Assets	74.39M	77.24M	91.23M	102.06M	19.66M	15.22M
Cash, Cash Equivalents and Short-Term Investments	2.12M	373.00K	3.60M	5.64M	4.33M	1.39M
Total Debt	42.44M	41.10M	27.55M	21.90M	0.00	0.00
Total Liabilities	101.50M	98.64M	75.44M	65.88M	1.92M	553.66K
Stockholders Equity	-27.11M	-21.40M	15.79M	36.18M	17.73M	14.67M
Cash Flow
Free Cash Flow	2.20M	-1.70M	-9.65M	-16.96M	-2.08M	-700.36K
Operating Cash Flow	2.60M	-1.18M	-4.73M	-10.51M	-1.40M	-525.45K
Investing Cash Flow	-1.50M	-563.00K	-4.48M	-51.57M	-1.30M	352.22K
Financing Cash Flow	211.00K	-1.01M	7.34M	63.38M	5.06M	0.00

Northern Graphite Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NGC, the sentiment is Positive. The current price of 0.22 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 17.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NGC.

Northern Graphite Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LLG	61 Neutral	C$18.62M	0.88	―	―	―	-419.15%
GMA	59 Neutral	C$56.53M	―	-102.86%	―	-100.00%	-33.58%
EMM	48 Neutral	C$38.56M	―	-28.69%	―	―	22.03%
NGC	47 Neutral	C$26.58M	―	―	―	13.10%	18.64%
FMS	36 Underperform	$53.61M	―	-16.33%	―	―	-64.76%

Northern Graphite Corporate Events

Northern Graphite Extends Lac des Iles Mine Life Amid Global Supply Challenges

Northern Graphite has begun overburden stripping activities at its Lac des Iles mine, aiming to extend the mine’s life by eight years with financial backing from the Canadian government. This initiative is part of Northern’s strategy to expand and modernize operations to meet increasing demand for graphite, particularly in the battery market, amid tightening global supply due to Chinese export controls. The Lac des Iles mine, Northern’s flagship operation, is crucial for supplying high-purity graphite, which is increasingly valuable in the energy transition and national security contexts.

Northern Graphite Secures $1.4M for Battery Anode Facility

Northern Graphite has completed a $1.4 million non-brokered private placement, with The BMI Group as the lead investor. The funds will be used for a feasibility study on a Battery Anode Material facility in Baie-Comeau, Québec, which is part of Northern’s strategy to establish a critical minerals supply chain in North America. This investment is seen as a significant endorsement of Northern’s mine-to-market strategy, aiming to address the demand for battery-grade anode material essential for the energy transition. The Baie-Comeau project is strategically positioned to process graphite from Northern’s mines, supporting economic growth and job creation in the region while contributing to the global energy transition.

Northern Graphite Announces $2.2 Million Private Placement for Battery Anode Facility

Northern Graphite Corporation has announced a non-brokered private placement of up to 20 million common shares at a price of C$0.11 per share, aiming to raise C$2.2 million. The proceeds will be used to finance a feasibility study for a Battery Anode Material facility in Baie-Comeau, Québec, as well as for working capital and corporate expenses. This initiative is part of Northern Graphite’s strategy to enhance its position in the battery materials market, potentially impacting its operational capabilities and market reach.

Northern Graphite Reports Strong Q2 2025 Results and Strategic Advancements

Northern Graphite Corporation announced its second quarter 2025 results, highlighting a 28% increase in revenue driven by strong demand and increased sales volumes. The company secured significant government support for its Lac des Îles pit extension, ensuring continued production at North America’s only graphite mine. Additionally, Northern Graphite made strategic advancements in its battery materials division, including licensing agreements and plans for a new battery anode material plant. The U.S. imposed duties on Chinese graphite imports, potentially benefiting Northern’s market position.

Northern Graphite Secures Federal Funding to Extend Lac des Îles Mine

Northern Graphite has secured a $6.225 million interest-free repayable contribution from the Canadian government to extend the life of its Lac des Îles graphite mine in Quebec. This funding is part of Canada’s critical minerals strategy and will help Northern Graphite maintain production at North America’s sole graphite mine, supporting its growth strategy and positioning Canada as a leader in critical mineral supply. The extension project will prevent the mine from going into care and maintenance, ensuring continuous production and strengthening Canada’s domestic critical mineral supply chains.

Northern Graphite Promotes Dr. Moritz Hantel to Chief Product Officer

Northern Graphite has promoted Dr. Moritz Hantel to Chief Product Officer, highlighting his pivotal role in the company’s growth strategy and his expertise in electrochemical systems. This move aligns with Northern’s ambition to become an integrated supplier of Battery Anode Material to the electric vehicle and energy storage sectors, reinforcing its competitive position in the market.