Graphite One (CVE:GPH) Stock Price Up 19% – Here’s What Happened

Graphite One Inc. (CVE:GPH) shares rose 19% on Tuesday . The stock traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares changed hands during mid-day trading, an increase of 417% from the average daily volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Ratings Changes

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

Graphite One Stock Up 19.0%

The stock has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. The firm’s fifty day moving average is C$1.14 and its 200-day moving average is 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.

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.