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

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

Analyst Upgrades and Downgrades

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

Graphite One Stock Down 5.6%

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 50 day moving average of C$1.13 and a two-hundred day moving average of C$0.93. The firm has a market capitalization of C$190.04 million, a price-to-earnings ratio of -19.67 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.