Graphite One (CVE:GPH) Shares Up 17.7% – Should You Buy?

Graphite One Inc. (CVE:GPHGet Free Report)’s stock price traded up 17.7% during trading on Wednesday . The company traded as high as C$0.95 and last traded at C$0.93. 436,037 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 277,389 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.50 target price on shares of Graphite One and gave the stock a “buy” rating in a research note on Friday, July 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$2.50.

View Our Latest Report on GPH

Graphite One Trading Up 17.7%

The firm has a 50-day moving average of C$1.04 and a 200 day moving average of C$1.35. The company has a market cap of C$194.34 million, a P/E ratio of -13.29 and a beta of 1.35. The company has a current ratio of 30.04, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13.

Graphite One Company Profile

(Get Free Report)

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.

Further Reading

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