Graphite One (CVE:GPH) Trading 19% Higher – What’s Next?

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

Analysts Set New Price Targets

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

Graphite One Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The firm has a fifty day simple moving average of C$1.15 and a 200 day simple moving average of C$0.94. The company has a market capitalization of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34.

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.