Graphite One (CVE:GPH) Stock Price Down 20.2% – What’s Next?

Graphite One Inc. (CVE:GPH) shares traded down 20.2% during trading on Thursday . The company traded as low as C$1.44 and last traded at C$1.62. 1,717,677 shares were traded during mid-day trading, an increase of 814% from the average session volume of 187,935 shares. The stock had previously closed at C$2.03.

Analysts Set New Price Targets

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

Graphite One Stock Down 20.2%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The business has a 50 day simple moving average of C$0.95 and a 200 day simple moving average of C$0.88. The company has a market capitalization of C$260.91 million, a price-to-earnings ratio of -27.00 and a beta of 1.40.

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.