Graphite One (CVE:GPH) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Graphite One Inc. (CVE:GPH) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.07 and traded as low as C$0.89. Graphite One shares last traded at C$0.90, with a volume of 70,073 shares trading hands.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.50 price target on Graphite One and gave the company a “buy” rating in a report on Friday, July 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$2.50.

Graphite One Price Performance

The firm has a market cap of C$179.71 million, a PE ratio of -12.29 and a beta of 1.46. The firm’s fifty day simple moving average is C$0.92 and its two-hundred day simple moving average is C$1.07. The company has a quick ratio of 0.33, a current ratio of 11.22 and a debt-to-equity ratio of 0.40.

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.