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

Graphite One Inc. (CVE:GPH) fell 10.3% during mid-day trading on Tuesday . The stock traded as low as C$1.12 and last traded at C$1.13. 774,054 shares traded hands during mid-day trading, an increase of 248% from the average session volume of 222,172 shares. The stock had previously closed at C$1.26.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Performance

The stock’s 50 day moving average price is C$1.05 and its 200 day moving average price is C$0.91. 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 company has a market capitalization of C$181.99 million, a P/E ratio of -18.83 and a beta of 1.40.

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.