Graphite One (CVE:GPH) Shares Up 19% – Should You Buy?

Graphite One Inc. (CVE:GPH)’s stock price rose 19% during mid-day trading on Wednesday . The company traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares changed hands during trading, an increase of 417% from the average daily volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Ratings Changes

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

Graphite One Stock Performance

The business’s fifty day simple moving average is C$1.15 and its 200-day simple moving average is C$0.94. The company has a market capitalization of C$231.92 million, a P/E ratio of -24.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

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.