Graphite One (CVE:GPH) Shares Down 12.2% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price fell 12.2% on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.66. 520,943 shares traded hands during trading, an increase of 31% from the average session volume of 396,905 shares. The stock had previously closed at C$1.89.

Analyst Ratings Changes

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

Graphite One Stock Down 14.8%

The stock has a 50 day moving average price of C$1.96 and a 200 day moving average price of C$1.40. 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$292.24 million, a P/E ratio of -26.83 and a beta of 1.73.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.