Graphite One (CVE:GPH) Shares Down 3.1% – Time to Sell?

Graphite One Inc. (CVE:GPH) shares traded down 3.1% during trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. 178,304 shares were traded during trading, a decline of 22% from the average session 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 objective on Graphite One and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$2.85.

Graphite One Stock Down 3.1%

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

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.