Graphite One (CVE:GPH) Trading Up 19% – Time to Buy?

Graphite One Inc. (CVE:GPH) rose 19% during mid-day trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares were traded during trading, an increase of 420% from the average daily volume of 230,281 shares. The stock had previously closed at C$1.21.

Analyst Ratings Changes

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

Graphite One Trading Up 19.0%

The firm has a 50-day moving average of C$1.14 and a two-hundred day moving average of C$0.93. The firm has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.