Graphite One (CVE:GPH) Stock Price Up 19% – Still a Buy?

Graphite One Inc. (CVE:GPH) 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 traded hands during mid-day trading, an increase of 417% from the average daily volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

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.com, Graphite One currently has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Down 6.6%

The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market cap of C$267.41 million, a PE ratio of -25.83 and a beta of 1.34. The business has a 50-day moving average price of C$1.19 and a two-hundred day moving average price of C$0.95.

About Graphite One

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.