Graphite One (CVE:GPH) Stock Price Up 25% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price was up 25% on Wednesday . The company traded as high as C$1.84 and last traded at C$1.80. Approximately 619,178 shares traded hands during mid-day trading, an increase of 167% from the average daily volume of 232,139 shares. The stock had previously closed at C$1.44.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.85 price target on Graphite One and gave the company 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 presently has a consensus rating of “Buy” and an average price target of C$2.85.

Graphite One Stock Performance

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 market capitalization of C$283.46 million, a P/E ratio of -29.33 and a beta of 1.34. The firm has a 50 day moving average price of C$1.15 and a two-hundred day moving average price of C$0.94.

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.