Graphite One (CVE:GPH) Trading Down 3.1% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s stock price was down 3.1% during mid-day trading on Wednesday . The company traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 228,324 shares. The stock had previously closed at C$1.30.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 target price on Graphite One and gave the stock a “buy” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Graphite One currently has a consensus rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Down 3.1%

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 firm has a fifty day moving average of C$1.10 and a 200-day moving average of C$0.92. The firm has a market cap of C$202.93 million, a P/E ratio of -21.00 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.