Graphite One (CVE:GPH) Stock Price Up 11.6% – Still a Buy?

Graphite One Inc. (CVE:GPH)’s share price was up 11.6% during trading on Monday . The company traded as high as C$1.69 and last traded at C$1.63. 614,915 shares changed hands during trading, an increase of 156% from the average daily volume of 239,858 shares. The stock had previously closed at C$1.46.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 price target 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, Based on data from MarketBeat, Graphite One currently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Trading Up 12.3%

The company has a market cap of C$282.94 million, a price-to-earnings ratio of -27.33 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is C$1.20 and its 200-day moving average price is C$0.95.

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.