Graphite One (CVE:GPH) Trading Down 10.3% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s stock price was down 10.3% during mid-day trading on Monday . The company traded as low as C$1.12 and last traded at C$1.13. Approximately 774,054 shares were traded during trading, an increase of 248% from the average daily volume of 222,172 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

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

Graphite One Stock Performance

The company has a market cap of C$181.99 million, a PE ratio of -18.83 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. The stock’s 50-day simple moving average is C$1.04 and its 200 day simple moving average is C$0.91.

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.