Graphite One (CVE:GPH) Shares Down 3.1% – Here’s What Happened

Graphite One Inc. (CVE:GPH) fell 3.1% on Thursday . The company traded as low as C$1.21 and last traded at C$1.26. 178,304 shares traded hands during trading, a decline of 22% from the average session volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Down 5.6%

The company has a 50-day moving average of C$1.13 and a 200-day moving average of C$0.93. 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 company has a market capitalization of C$190.04 million, a price-to-earnings ratio of -19.67 and a beta of 1.34.

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.