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

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

Wall Street Analysts Forecast Growth

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

Graphite One Stock Performance

The firm’s 50-day moving average price is C$1.15 and its two-hundred day moving average price is C$0.94. 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 market capitalization of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34.

About Graphite One

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.