Graphite One (CVE:GPH) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Graphite One Inc. (CVE:GPH) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.12 and traded as low as C$1.02. Graphite One shares last traded at C$1.06, with a volume of 52,613 shares.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.50 target price on shares of Graphite One and gave the company a “buy” rating in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Graphite One presently has a consensus rating of “Buy” and a consensus target price of C$2.50.

Graphite One Stock Performance

The firm has a 50 day moving average of C$0.93 and a two-hundred day moving average of C$1.12. The stock has a market cap of C$208.97 million, a P/E ratio of -14.29 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.33 and a current ratio of 11.22.

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.