Graphano Energy Ltd. (CVE:GEL – Get Free Report) was down 20% during trading on Thursday. The company traded as low as C$0.06 and last traded at C$0.06. Approximately 179,000 shares were traded during mid-day trading, an increase of 249% from the average daily volume of 51,260 shares. The stock had previously closed at C$0.07.
Graphano Energy Trading Down 20.0%
The firm has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.11. The company has a market capitalization of C$1.30 million, a price-to-earnings ratio of -1.18 and a beta of -0.07.
About Graphano Energy
Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine. The company was incorporated in 2020 and is based in Toronto, Canada.
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