Canada Carbon (CVE:CCB) Shares Up 100% – Time to Buy?

Canada Carbon Inc. (CVE:CCBGet Free Report) shares traded up 100% during trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 648,696 shares traded hands during mid-day trading, an increase of 187% from the average session volume of 225,675 shares. The stock had previously closed at C$0.01.

Canada Carbon Price Performance

The business has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a market cap of C$4.11 million, a PE ratio of -2.00 and a beta of 0.69.

About Canada Carbon

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Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.

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