Graphite One (CVE:GPH) Stock Price Down 3.1% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price traded down 3.1% during mid-day trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares changed hands during trading, a decline of 22% from the average session volume of 228,333 shares. The stock had previously closed at C$1.30.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, Graphite One has a consensus rating of “Buy” and an average price target of C$2.85.

Graphite One Price Performance

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 stock has a market capitalization of C$190.04 million, a price-to-earnings ratio of -19.67 and a beta of 1.34. The stock’s 50 day simple moving average is C$1.13 and its 200-day simple moving average is C$0.93.

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.