Graphite One (CVE:GPH) Stock Price Down 5.5% – Time to Sell?

Shares of Graphite One Inc. (CVE:GPH) were down 5.5% during mid-day trading on Wednesday . The company traded as low as C$1.54 and last traded at C$1.56. Approximately 303,596 shares traded hands during trading, a decline of 25% from the average daily volume of 404,831 shares. The stock had previously closed at C$1.65.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 price objective on Graphite One and gave the stock a “buy” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Down 3.0%

The firm’s 50-day simple moving average is C$1.97 and its 200-day simple moving average is C$1.40. 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 company has a market capitalization of C$290.42 million, a price-to-earnings ratio of -26.67 and a beta of 1.73.

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