Graphite One (CVE:GPH) Stock Price Down 3.1% – What’s Next?

Graphite One Inc. (CVE:GPHGet Free Report)’s stock price fell 3.1% during trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. 178,304 shares traded hands during mid-day 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 target on shares of Graphite One and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$2.85.

Check Out Our Latest Report on Graphite One

Graphite One Trading Down 5.6%

The business has a 50 day simple moving average of C$1.13 and a 200-day simple moving average of C$0.93. The stock has a market capitalization of C$190.04 million, a P/E ratio of -19.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

Graphite One Company Profile

(Get Free Report)

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.

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