Graphano Energy Ltd. (CVE:GEL – Get Free Report) traded down 20% during mid-day trading on Thursday. The company traded as low as C$0.06 and last traded at C$0.06. 179,000 shares traded hands during mid-day trading, an increase of 249% from the average daily volume of 51,260 shares. The stock had previously closed at C$0.07.
Graphano Energy Stock Down 20.0%
The company has a market cap of C$1.30 million, a price-to-earnings ratio of -1.18 and a beta of -0.07. The firm has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.11.
About Graphano Energy
Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine. The company was incorporated in 2020 and is based in Toronto, Canada.
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