Graphite One (CVE:GPH) Trading Down 3.1% – Here’s What Happened

Graphite One Inc. (CVE:GPH) shares traded down 3.1% on Wednesday . The company traded as low as C$1.21 and last traded at C$1.26. 178,304 shares traded hands during trading, a decline of 22% from the average session volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.85 price target on shares of Graphite One and gave the company a “buy” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of C$202.93 million, a price-to-earnings ratio of -21.00 and a beta of 1.34. The business’s 50 day simple moving average is C$1.10 and its 200-day simple moving average is C$0.92.

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.