Graphite One (CVE:GPH) Trading Down 3.1% – Here’s What Happened

Graphite One Inc. (CVE:GPH) shares traded down 3.1% on Wednesday . The company traded as low as C$1.21 and last traded at C$1.26. 178,304 shares were traded during trading, a decline of 22% from the average session volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analysts Forecast Growth

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 report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Graphite One presently has a consensus rating of “Buy” and an average price target of C$2.85.

Graphite One Price Performance

The company has a market capitalization of C$202.93 million, a P/E ratio of -21.00 and a beta of 1.34. 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 price is C$1.10 and its two-hundred day moving average price is C$0.92.

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.