Graphite One (CVE:GPH) Trading Up 25% – Here’s Why

Shares of Graphite One Inc. (CVE:GPH) traded up 25% on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.80. 629,818 shares were traded during trading, an increase of 170% from the average session volume of 233,429 shares. The stock had previously closed at C$1.44.

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

Graphite One Stock Performance

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 stock has a fifty day simple moving average of C$1.15 and a two-hundred day simple moving average of C$0.94. The firm has a market capitalization of C$286.68 million, a P/E ratio of -29.67 and a beta of 1.34.

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.