Graphite One (CVE:GPH) Trading Down 9% – Should You Sell?

Graphite One Inc. (CVE:GPH) traded down 9% on Thursday . The company traded as low as C$1.51 and last traded at C$1.51. 647,873 shares traded hands during trading, an increase of 172% from the average session volume of 238,514 shares. The stock had previously closed at C$1.66.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 target price on 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 has an average rating of “Buy” and an average price target of C$2.85.

Graphite One Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is C$1.17 and its 200-day moving average price is C$0.94. The firm has a market cap of C$251.88 million, a price-to-earnings ratio of -24.33 and a beta of 1.34.

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.