Graphite One (CVE:GPH) Trading 19% Higher – Still a Buy?

Shares of Graphite One Inc. (CVE:GPH) traded up 19% during mid-day trading on Wednesday . The stock traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares were traded during trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Analysts Set New Price Targets

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The company has a market capitalization of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34. The stock’s fifty day simple moving average is C$1.15 and its 200-day simple moving average is C$0.94.

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.