Graphite One (CVE:GPH) Trading Down 20.2% – What’s Next?

Shares of Graphite One Inc. (CVE:GPH) dropped 20.2% during mid-day trading on Wednesday . The stock traded as low as C$1.44 and last traded at C$1.62. Approximately 1,717,677 shares were traded during trading, an increase of 814% from the average daily volume of 187,935 shares. The stock had previously closed at C$2.03.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 target price on shares of Graphite One and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Graphite One presently has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Trading Down 20.2%

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 stock has a market capitalization of C$260.91 million, a P/E ratio of -27.00 and a beta of 1.40. The firm’s 50 day simple moving average is C$0.95 and its two-hundred day simple moving average is C$0.88.

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.