Graphite One (CVE:GPH) Shares Up 19% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price traded up 19% during trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares were traded during trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Ratings Changes

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

Graphite One Trading Up 19.0%

The business’s 50 day moving average price is C$1.14 and its 200-day moving average price is C$0.93. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. 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.

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.