Graphite One (CVE:GPH) Sets New 52-Week High – Still a Buy?

Graphite One Inc. (CVE:GPH) shares hit a new 52-week high on Friday . The stock traded as high as C$2.29 and last traded at C$2.28, with a volume of 326087 shares trading hands. The stock had previously closed at C$2.10.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 target price on 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 stock presently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Performance

The company has a market capitalization of C$405.71 million, a P/E ratio of -38.00 and a beta of 1.61. The stock’s 50-day moving average price is C$1.68 and its 200-day moving average price is C$1.22. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.