Graphite One (CVE:GPH) Shares Up 32.2% – What’s Next?

Shares of Graphite One Inc. (CVE:GPH) were up 32.2% during mid-day trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.60. Approximately 1,080,832 shares changed hands during mid-day trading, an increase of 371% from the average daily volume of 229,440 shares. The stock had previously closed at C$1.21.

Wall Street Analysts Forecast Growth

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

Graphite One Trading Up 19.0%

The company has a market capitalization of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34. 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 business’s 50 day moving average price is C$1.14 and its two-hundred day moving average price is C$0.93.

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.