Graphite One (CVE:GPH) Stock Price Up 22.3% – Time to Buy?

Graphite One Inc. (CVE:GPH) was up 22.3% during mid-day trading on Tuesday . The stock traded as high as C$1.54 and last traded at C$1.48. Approximately 504,273 shares were traded during trading, an increase of 122% from the average daily volume of 227,608 shares. The stock had previously closed at C$1.21.

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 report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Graphite One currently has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Up 39.7%

The company’s 50 day simple moving average is C$1.14 and its 200-day simple moving average is C$0.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The firm has a market capitalization of C$272.18 million, a PE ratio of -28.17 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.