Graphite One (CVE:GPH) Stock Price Up 14.4% – What’s Next?

Graphite One Inc. (CVE:GPH) shot up 14.4% during trading on Monday . The stock traded as high as C$1.70 and last traded at C$1.67. 835,423 shares traded hands during trading, an increase of 247% from the average session volume of 240,530 shares. The stock had previously closed at C$1.46.

Wall Street Analysts Forecast Growth

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

Graphite One Trading Down 0.6%

The firm has a market cap of C$279.49 million, a price-to-earnings ratio of -27.00 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. The company has a 50 day moving average price of C$1.24 and a 200 day moving average price of C$0.97.

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.