Graphite One (CVE:GPH) Trading Up 19% – Here’s What Happened

Shares of Graphite One Inc. (CVE:GPH) shot up 19% on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares were traded during mid-day trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Up 19.0%

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 cap of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34. The business has a fifty day moving average of C$1.15 and a 200-day moving average of C$0.94.

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.