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

Graphite One Inc. (CVE:GPHGet Free Report) fell 3.1% on Wednesday . The stock traded as low as C$1.21 and last traded at C$1.26. 178,304 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 228,324 shares. The stock had previously closed at C$1.30.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.85 target price on 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, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$2.85.

Read Our Latest Research Report on GPH

Graphite One Stock Performance

The company has a market capitalization of C$202.93 million, a price-to-earnings 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 stock has a 50 day moving average price of C$1.10 and a two-hundred day moving average price of C$0.92.

Graphite One Company Profile

(Get Free Report)

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.

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