Graphite One (CVE:GPH) Stock Price Up 19% – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 price target 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, According to MarketBeat.com, Graphite One currently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The company has a 50-day moving average of C$1.15 and a 200-day moving average of C$0.94. The stock has a market capitalization of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34.

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.