Graphite One (CVE:GPH) Trading Down 3.1% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price dropped 3.1% during trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares traded hands during trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Graphite One has a consensus rating of “Buy” and an average price target of C$2.85.

Graphite One Stock Performance

The company’s 50-day simple moving average is C$1.11 and its 200 day simple moving average is C$0.92. The stock has a market cap of C$202.93 million, a P/E ratio of -21.00 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.