Graphite One (CVE:GPH) Shares Down 3.1% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s share price dropped 3.1% during trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Analyst Ratings Changes

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

Graphite One Trading Down 3.1%

The company’s 50-day simple moving average is C$1.11 and its 200 day simple moving average is C$0.92. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of C$202.93 million, a PE ratio of -21.00 and a beta of 1.34.

About Graphite One

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.