Graphano Energy (CVE:GEL) Stock Price Down 22.6% – Here’s What Happened

Graphano Energy Ltd. (CVE:GELGet Free Report)’s stock price fell 22.6% on Tuesday . The company traded as low as C$0.12 and last traded at C$0.12. 138,019 shares were traded during trading, an increase of 190% from the average session volume of 47,583 shares. The stock had previously closed at C$0.16.

Graphano Energy Trading Down 9.4%

The stock’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.17. The stock has a market cap of C$3.14 million, a price-to-earnings ratio of -4.53 and a beta of -0.07.

Graphano Energy Company Profile

(Get Free Report)

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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