Graphite One (CVE:GPH) Shares Up 32.2% – Still a Buy?

Shares of Graphite One Inc. (CVE:GPH) rose 32.2% during trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.60. Approximately 1,080,832 shares were traded during mid-day trading, an increase of 371% from the average daily volume of 229,440 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

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

Graphite One Trading Up 19.0%

The company has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The stock’s 50 day moving average is C$1.14 and its 200-day moving average is C$0.93.

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.