Graphite One (CVE:GPH) Stock Price Down 7.1% – What’s Next?

Graphite One Inc. (CVE:GPH) shares traded down 7.1% during mid-day trading on Monday . The company traded as low as C$1.12 and last traded at C$1.17. 642,144 shares were traded during trading, an increase of 190% from the average session volume of 221,502 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price objective 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, the company has an average rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Performance

The firm’s 50 day moving average is C$1.04 and its 200-day moving average is C$0.91. The stock has a market capitalization of C$183.60 million, a price-to-earnings ratio of -19.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

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.