Graphite One (CVE:GPH) Trading 19% Higher – Time to Buy?

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

Analysts Set New Price Targets

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

Graphite One Trading Up 19.0%

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 company has a fifty day moving average of C$1.15 and a 200-day moving average of C$0.94. The firm has a market capitalization of C$231.92 million, a PE 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.