Graphite One (CVE:GPH) Shares Down 10.3% – Here’s Why

Graphite One Inc. (CVE:GPH)’s stock price traded down 10.3% on Tuesday . 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 Graphite One and gave the stock a “buy” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Stock Performance

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 firm’s 50 day moving average is C$1.06 and its 200-day moving average is C$0.92. The firm has a market cap of C$183.60 million, a price-to-earnings ratio of -19.00 and a beta of 1.34.

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.