Graphite One (CVE:GPH) Hits New 12-Month High – Here’s Why

Graphite One Inc. (CVE:GPH) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$2.29 and last traded at C$2.28, with a volume of 326087 shares traded. The stock had previously closed at C$2.10.

Wall Street Analyst Weigh In

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

Graphite One Trading Up 11.0%

The firm’s 50 day moving average is C$1.71 and its 200 day moving average is C$1.23. 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 company has a market capitalization of C$414.61 million, a PE ratio of -38.83 and a beta of 1.61.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.