Graphite One (CVE:GPH) Shares Up 10% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price shot up 10% during trading on Wednesday . The company traded as high as C$1.21 and last traded at C$1.21. 129,395 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 222,948 shares. The stock had previously closed at C$1.10.

Analyst Ratings Changes

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

Graphite One Price Performance

The firm’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 current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of C$181.99 million, a PE ratio of -18.83 and a beta of 1.34.

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.