Graphite One (CVE:GPH) Trading Up 21.5% – Here’s Why

Graphite One Inc. (CVE:GPH) rose 21.5% during trading on Wednesday . The company traded as high as C$1.84 and last traded at C$1.75. Approximately 1,073,577 shares were traded during mid-day trading, an increase of 356% from the average daily volume of 235,336 shares. The stock had previously closed at C$1.44.

Wall Street Analyst Weigh In

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

Graphite One Trading Up 21.5%

The company has a market capitalization of C$281.84 million, a P/E ratio of -29.17 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 business’s 50-day moving average price is C$1.15 and its two-hundred day moving average price 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.