Graphano Energy (CVE:GEL) Trading 35.7% Higher – What’s Next?

Graphano Energy Ltd. (CVE:GEL)’s stock price shot up 35.7% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 237,470 shares traded hands during mid-day trading, an increase of 190% from the average session volume of 81,833 shares. The stock had previously closed at C$0.07.

Graphano Energy Stock Down 4.8 %

The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.08. The company has a current ratio of 7.10, a quick ratio of 18.29 and a debt-to-equity ratio of 14.79. The firm has a market capitalization of C$1.71 million, a price-to-earnings ratio of -1.43 and a beta of -0.42.

About Graphano Energy

Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine.