Graphite One (CVE:GPH) Stock Price Down 3.1% – Here’s Why

Graphite One Inc. (CVE:GPH) dropped 3.1% during mid-day trading on Thursday . The stock 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.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Stock Down 3.1%

The company’s fifty day moving average price is C$1.11 and its 200-day moving average price is C$0.92. The stock has a market capitalization of C$202.93 million, a PE ratio of -21.00 and a beta of 1.34. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.