Graphite One (CVE:GPH) Shares Down 3.1% – What’s Next?

Graphite One Inc. (CVE:GPH) was down 3.1% during trading on Thursday . The company traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Analysts Set New Price Targets

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

Graphite One Stock Performance

The stock has a market capitalization of C$202.93 million, a price-to-earnings ratio of -21.00 and a beta of 1.34. The company has a 50 day simple moving average of C$1.11 and a 200-day simple moving average of C$0.92. 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.