Graphite One (CVE:GPH) Trading Up 23.5% – Here’s Why

Graphite One Inc. (CVE:GPHGet Free Report) shares traded up 23.5% on Wednesday . The stock traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares were traded during trading, an increase of 1,030% from the average session volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Price Performance

The firm has a 50-day simple moving average of C$0.87 and a two-hundred day simple moving average of C$0.85. The company has a market capitalization of C$228.70 million, a price-to-earnings ratio of -23.67 and a beta of 1.40. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

Graphite One Company Profile

(Get Free Report)

Graphite One Inc operates as mineral exploration company in the United States. The company holds interest in the Graphite Creek property that consists of 135 mining claims located on the Seward Peninsula, Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in February 2019.

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