Graphite One (CVE:GPH) Trading 19% Higher – What’s Next?

Graphite One Inc. (CVE:GPH) rose 19% during mid-day trading on Wednesday . The stock traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares changed hands during mid-day trading, an increase of 417% from the average daily 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 shares of Graphite One and gave the company a “buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Graphite One presently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Trading Up 19.0%

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 firm has a market cap of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34. The stock has a 50-day simple moving average of C$1.15 and a two-hundred day simple moving average of C$0.94.

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.