Graphite One (CVE:GPH) Trading Down 7.1% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price traded down 7.1% during mid-day trading on Monday . The stock traded as low as C$1.12 and last traded at C$1.17. 712,879 shares traded hands during mid-day trading, an increase of 221% from the average session volume of 221,815 shares. The stock had previously closed at C$1.26.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 target price 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, Based on data from MarketBeat.com, Graphite One currently has an average rating of “Buy” and a consensus price target of C$2.85.

Graphite One Trading Down 10.3%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a fifty day simple moving average of C$1.04 and a 200 day simple moving average of C$0.91. The firm has a market cap of C$181.99 million, a P/E ratio of -18.83 and a beta of 1.40.

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.