Graphite One (CVE:GPH) Stock Price Up 22.9% – What’s Next?

Graphite One Inc. (CVE:GPH) shares traded up 22.9% on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.77. 746,380 shares were traded during mid-day trading, an increase of 219% from the average session volume of 234,043 shares. The stock had previously closed at C$1.44.

Analysts Set New Price Targets

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 report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$2.85.

Graphite One Price Performance

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 stock’s 50-day moving average price is C$1.19 and its 200 day moving average price is C$0.95. The firm has a market cap of C$251.88 million, a price-to-earnings ratio of -24.33 and a beta of 1.34.

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.