Graphite One (CVE:GPH) Trading Up 19% – Should You Buy?

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

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, Graphite One presently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Performance

The stock has a 50 day simple moving average of C$1.15 and a 200 day simple moving average of C$0.94. The company has a market cap of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34. The company has a quick ratio of 0.33, a current ratio of 1.09 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.