Graphite One (CVE:GPH) Shares Up 22.9% – Still a Buy?

Graphite One Inc. (CVE:GPH)’s stock price rose 22.9% on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.77. Approximately 746,380 shares changed hands during trading, an increase of 219% from the average daily volume of 234,043 shares. The stock had previously closed at C$1.44.

Analyst Ratings Changes

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

Graphite One Stock Up 25.7%

The stock has a market cap of C$291.51 million, a PE ratio of -30.17 and a beta of 1.34. The business has a fifty day moving average of C$1.15 and a 200-day moving average of C$0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33.

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.