Graphite One (CVE:GPH) Trading Down 10.3% – Time to Sell?

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

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

Graphite One Trading Down 10.3%

The stock has a market cap of C$181.99 million, a PE ratio of -18.83 and a beta of 1.40. The stock’s fifty day moving average price is C$1.05 and its 200 day moving average price is C$0.91. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.