Graphite One (CVE:GPH) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Graphite One Inc. (CVE:GPH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.53 and traded as low as C$1.18. Graphite One shares last traded at C$1.20, with a volume of 217,058 shares changing hands.

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.33 and a current ratio of 2.42. The firm’s 50 day moving average is C$1.28 and its 200-day moving average is C$1.53. The firm has a market cap of C$243.86 million, a price-to-earnings ratio of -19.50 and a beta of 1.26.

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.