Graphite One (CVE:GPH) Trading 21.5% Higher – Time to Buy?

Graphite One Inc. (CVE:GPH)’s stock price traded up 21.5% during mid-day trading on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.75. 1,073,577 shares were traded during mid-day trading, an increase of 356% from the average session volume of 235,336 shares. The stock had previously closed at C$1.44.

Analyst Upgrades and Downgrades

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

Graphite One Trading Down 5.8%

The firm has a market cap of C$251.88 million, a PE ratio of -24.33 and a beta of 1.34. The company has a 50-day simple moving average of C$1.20 and a 200 day simple moving average of C$0.95. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.