Graphite One (CVE:GPH) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Graphite One Inc. (CVE:GPH) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$1.05 and traded as low as C$0.88. Graphite One shares last traded at C$0.90, with a volume of 18,058 shares changing hands.

Analyst Upgrades and Downgrades

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

Graphite One Stock Performance

The firm has a market capitalization of C$200.61 million, a price-to-earnings ratio of -13.71 and a beta of 1.46. The stock’s fifty day moving average is C$0.92 and its two-hundred day moving average is C$1.05. 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.