Graphite One (CVE:GPH) Stock Price Up 19% – What’s Next?

Graphite One Inc. (CVE:GPH)’s share price shot up 19% on Tuesday . The stock traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares traded hands during trading, an increase of 417% from the average session volume of 231,758 shares. The stock had previously closed at C$1.21.

Analysts Set New Price Targets

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

Graphite One Stock Up 19.0%

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 stock has a market capitalization of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34. The firm’s fifty day moving average is C$1.14 and its 200-day moving average is C$0.93.

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.