Graphite One (CVE:GPH) Stock Passes Above 200 Day Moving Average – Here’s Why

Graphite One Inc. (CVE:GPH)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.29 and traded as high as C$2.36. Graphite One shares last traded at C$2.34, with a volume of 261,515 shares changing hands.

Analysts Set New Price Targets

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

Graphite One Trading Up 1.7%

The stock has a market cap of C$424.75 million, a P/E ratio of -39.00 and a beta of 1.61. 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 firm’s fifty day simple moving average is C$1.82 and its 200-day simple moving average is C$1.29.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.