Graphite One (CVE:GPH) Trading 25.7% Higher – What’s Next?

Graphite One Inc. (CVE:GPH) shares were up 25.7% during mid-day trading on Wednesday . The company traded as high as C$1.84 and last traded at C$1.81. Approximately 815,262 shares were traded during mid-day trading, an increase of 248% from the average daily volume of 234,228 shares. The stock had previously closed at C$1.44.

Analyst Ratings Changes

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

Graphite One Stock Up 24.3%

The company has a market cap of C$288.29 million, a P/E ratio of -29.83 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The business’s 50 day moving average price is C$1.15 and its 200-day moving average price is C$0.94.

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.