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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Comment by youknowwhaton Feb 16, 2024 4:58pm
65 Views
Post# 35885110

RE:Who is still pressuring it down?

RE:Who is still pressuring it down?

February 1 to 15 shares shorted 291,590 total dollar amount $57,801 for an average price of 19.8 cents. This DOES NOT represent the increase in the short position as there is no data for the number of shares covered during the period. 


We will see the short position next Wednesday morning.

A lot of this volume is short sellers moving their position to other accounts as they are being asked to cover by their brokers. 

The above numbers represent the short position in Canada only. There is a short position in the US and other countries.

My opinion short sellers are stuck and can not cover. Next Wednesday will tell the story.

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