Graphite One (CVE:GPH) Trading Down 10.3% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price traded down 10.3% during mid-day trading on Tuesday . The company traded as low as C$1.12 and last traded at C$1.13. 774,054 shares were traded during 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 objective 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$2.85.

Graphite One Stock Down 10.3%

The stock’s 50-day moving average price is C$1.05 and its two-hundred day moving average price is C$0.91. The stock has a market capitalization 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.

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.