Graphite One (CVE:GPH) Shares Up 11.6% – Time to Buy?

Graphite One Inc. (CVE:GPH)’s share price was up 11.6% during mid-day trading on Monday . The company traded as high as C$1.69 and last traded at C$1.63. Approximately 614,915 shares traded hands during mid-day trading, an increase of 156% from the average daily volume of 239,858 shares. The stock had previously closed at C$1.46.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat, Graphite One currently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Down 0.6%

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 price of C$1.24 and a 200 day moving average price of C$0.97. The company has a market cap of C$279.49 million, a PE ratio of -27.00 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.