Graphite One (CVE:GPH) Stock Price Up 21.5% – Still a Buy?

Shares of Graphite One Inc. (CVE:GPH) rose 21.5% during trading on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.75. Approximately 1,073,577 shares traded hands during trading, an increase of 356% from the average daily volume of 235,336 shares. The stock had previously closed at C$1.44.

Analyst Ratings Changes

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

Graphite One Stock Up 21.5%

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$281.84 million, a price-to-earnings ratio of -29.17 and a beta of 1.34. The firm has a 50-day moving average price of C$1.15 and a two-hundred day moving average price of C$0.94.

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.