Graphite One (CVE:GPH) Stock Price Down 3.1% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price dropped 3.1% on Wednesday . The stock traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Graphite One presently has an average rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Performance

The firm has a market cap of C$202.93 million, a price-to-earnings ratio of -21.00 and a beta of 1.34. The stock has a 50-day moving average of C$1.10 and a 200-day moving average of C$0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

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.