Graphite One (CVE:GPH) Stock Price Up 19% – Should You Buy?

Graphite One Inc. (CVE:GPH)’s share price traded up 19% during trading on Wednesday . The company traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares were traded during trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The company has a market capitalization of C$267.41 million, a PE ratio of -25.83 and a beta of 1.34. The firm’s fifty day simple moving average is C$1.19 and its 200 day simple moving average is C$0.95.

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.