Graphite One (CVE:GPH) Stock Price Down 10.3% – Time to Sell?

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

Wall Street Analyst Weigh In

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

Graphite One Stock Performance

The company’s fifty day moving average is C$1.05 and its 200 day moving average is C$0.91. The company has a market capitalization of C$181.99 million, a P/E ratio of -18.83 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

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.