Graphano Energy (CVE:GEL) Hits New 1-Year Low – Here’s Why

Graphano Energy Ltd. (CVE:GELGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 33001 shares changing hands. The stock had previously closed at C$0.10.

Graphano Energy Trading Down 4.8%

The stock’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.14. The firm has a market capitalization of C$2.17 million, a price-to-earnings ratio of -1.96 and a beta of 0.22.

Graphano Energy Company Profile

(Get Free Report)

Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine. The company was incorporated in 2020 and is based in Toronto, Canada.

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