Graphite One (CVE:GPH) Trading Up 19% – Still a Buy?

Graphite One Inc. (CVE:GPH) shares were up 19% on Wednesday . The company traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares traded 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 Analysts Forecast Growth

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

Graphite One Stock Performance

The stock has a market cap of C$255.33 million, a PE ratio of -24.67 and a beta of 1.34. The firm’s 50-day moving average is C$1.19 and its 200 day moving average is C$0.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

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.