Graphite One (CVE:GPH) Trading Down 10.3% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price fell 10.3% on Tuesday . The company traded as low as C$1.12 and last traded at C$1.13. 774,054 shares were traded during mid-day trading, an increase of 248% from the average session volume of 222,172 shares. The stock had previously closed at C$1.26.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 price objective on shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The stock has a market capitalization of C$181.99 million, a P/E ratio of -18.83 and a beta of 1.40. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of C$1.05 and a two-hundred day simple moving average of C$0.91.

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.