Graphite One (CVE:GPH) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Graphite One Inc. (CVE:GPH) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.41 and traded as low as C$0.95. Graphite One shares last traded at C$0.95, with a volume of 16,877 shares changing hands.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.50 price target on shares of Graphite One and gave the stock a “buy” rating in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Graphite One has an average rating of “Buy” and a consensus price target of C$2.50.

Graphite One Stock Down 1.0%

The firm has a market cap of C$198.52 million, a P/E ratio of -13.57 and a beta of 1.35. The firm’s 50-day moving average price is C$1.09 and its 200 day moving average price is C$1.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 30.04 and a quick ratio of 0.33.

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.