Graphite One (CVE:GPH) Hits New 1-Year High – Time to Buy?

Graphite One Inc. (CVE:GPH) reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.54 and last traded at C$2.48, with a volume of 619749 shares trading hands. The stock had previously closed at C$2.30.

Wall Street Analyst Weigh In

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

Graphite One Stock Performance

The firm has a market capitalization of C$457.42 million, a P/E ratio of -42.00 and a beta of 1.61. The company’s 50 day moving average is C$1.84 and its 200-day moving average is C$1.31. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.