Graphite One (CVE:GPH) Trading 19% Higher – What’s Next?

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

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the stock a “buy” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$2.85.

Graphite One Price Performance

The firm has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. The stock’s fifty day simple moving average is C$1.15 and its 200 day simple moving average is C$0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33.

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.