Graphite One (CVE:GPH) Stock Price Down 10.3% – Should You Sell?

Graphite One Inc. (CVE:GPH) shares fell 10.3% on Monday . The stock traded as low as C$1.12 and last traded at C$1.13. 774,054 shares changed hands during trading, an increase of 248% from the average session volume of 222,172 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The firm has a market cap of C$181.99 million, a P/E ratio of -18.83 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The company’s 50-day moving average is C$1.04 and its two-hundred day moving average is C$0.91.

Graphite One Company Profile

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.