Graphite One (CVE:GPH) Stock Price Down 14.8% – What’s Next?

Shares of Graphite One Inc. (CVE:GPH) were down 14.8% on Tuesday . The stock traded as low as C$1.57 and last traded at C$1.61. Approximately 745,460 shares traded hands during trading, an increase of 84% from the average daily volume of 405,121 shares. The stock had previously closed at C$1.89.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price target on 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, According to MarketBeat.com, Graphite One presently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Trading Down 15.3%

The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The company has a market capitalization of C$290.42 million, a P/E ratio of -26.67 and a beta of 1.73. The business has a fifty day moving average price of C$1.96 and a 200 day moving average price of C$1.40.

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