Graphite One (CVE:GPH) Shares Down 10.3% – Should You Sell?

Shares of Graphite One Inc. (CVE:GPH) were down 10.3% during mid-day trading on Tuesday . The company traded as low as C$1.12 and last traded at C$1.13. Approximately 774,054 shares were traded during trading, an increase of 248% from the average daily volume of 222,172 shares. The stock had previously closed at C$1.26.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.85 price objective 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, Graphite One has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Stock Performance

The stock’s 50-day moving average is C$1.05 and its 200-day moving average is C$0.91. The firm has a market capitalization of C$181.99 million, a price-to-earnings ratio of -18.83 and a beta of 1.40. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.