Graphite One (CVE:GPH) Trading Down 10.3% – What’s Next?

Graphite One Inc. (CVE:GPH)’s share price was down 10.3% during trading on Monday . The company traded as low as C$1.12 and last traded at C$1.13. Approximately 774,054 shares were traded during trading, an increase of 249% from the average daily volume of 222,080 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

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

Graphite One Price Performance

The firm has a market capitalization of C$181.99 million, a price-to-earnings ratio of -18.83 and a beta of 1.40. The company’s 50 day moving average is C$1.04 and its 200-day moving average is C$0.91. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.