Graphite One (CVE:GPH) Stock Price Up 10% – Should You Buy?

Graphite One Inc. (CVE:GPH)’s stock price was up 10% during mid-day trading on Wednesday . The company traded as high as C$1.21 and last traded at C$1.21. Approximately 129,395 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 222,948 shares. The stock had previously closed at C$1.10.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$2.85.

Graphite One Price Performance

The company’s 50 day moving average is C$1.07 and its 200 day moving average is C$0.92. The firm has a market capitalization of C$185.21 million, a price-to-earnings ratio of -19.17 and a beta of 1.34. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.