Graphite One (CVE:GPH) Stock Price Up 19% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price traded up 19% during mid-day trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares were traded during mid-day trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

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

Graphite One Trading Up 19.0%

The firm has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. 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 firm has a 50 day moving average of C$1.14 and a 200-day moving average of C$0.93.

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.