Graphite One (CVE:GPH) Stock Price Up 19% – Still a Buy?

Graphite One Inc. (CVE:GPH) traded up 19% during trading on Wednesday . The stock traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares changed hands during mid-day trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

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

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The company has a market capitalization of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34. The stock has a 50-day moving average price of C$1.15 and a 200-day moving average price of C$0.94.

Graphite One Company Profile

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.