Canada Carbon (CVE:CCB) Stock Price Soars 100% – Should You Consider Buying?

On Wednesday, Canada Carbon Inc. (CVE:CCB) experienced a remarkable surge in its share price, increasing by 100%. The stock reached a peak trading value of C$0.02 and maintained that price at its last trade. During mid-day trading, approximately 648,696 shares changed hands, which is a significant rise of 187% compared to the average daily trading volume of 225,675 shares. Prior to this surge, the stock had closed at C$0.01.

Canada Carbon's Stock Performance

The current fifty-day moving average for the stock is C$0.02, as is its two-hundred-day moving average. Canada Carbon holds a market capitalization of C$4.11 million, a price-to-earnings ratio of -2.00, and a beta coefficient of 0.69, indicating a lower volatility relative to the broader market.

Overview of Canada Carbon

Canada Carbon Inc. is engaged in the exploration and acquisition of natural resource properties across Canada, focusing primarily on graphite deposits. The company owns interests in significant properties, including the Miller property, which spans about 100 square kilometers west of Montreal in Grenville Township. They also have the Asbury Graphite property, consisting of 22 claims covering approximately 1,205.9 hectares in the Laurentides region of southern Quebec.

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Canada, Stock, Graphite