Graphite One (CVE:GPH) Trading Up 19% – Here’s Why

Graphite One Inc. (CVE:GPH) rose 19% on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares were traded 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.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the company 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, the company presently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Performance

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 stock has a 50-day moving average price of C$1.15 and a 200-day moving average price 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.