Graphite One (CVE:GPH) Trading Down 3.1% – Time to Sell?

Shares of Graphite One Inc. (CVE:GPH) dropped 3.1% on Thursday . The company traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares changed hands during trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analyst Weigh In

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

Graphite One Trading Down 3.1%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The company has a market cap of C$202.93 million, a price-to-earnings ratio of -21.00 and a beta of 1.34. The company’s fifty day moving average is C$1.11 and its two-hundred day moving average is C$0.92.

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.