Graphite One (CVE:GPH) Stock Price Down 10.3% – Should You Sell?

Shares of Graphite One Inc. (CVE:GPH) fell 10.3% during trading on Monday . The company traded as low as C$1.12 and last traded at C$1.13. 774,054 shares changed hands 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 Ratings Changes

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

Graphite One Price Performance

The company has a 50 day moving average price of C$1.04 and a 200-day moving average price of 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. The company has a market cap of C$181.99 million, a price-to-earnings ratio of -18.83 and a beta of 1.40.

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.