Graphite One (CVE:GPH) Trading Up 17.1% – Should You Buy?

Shares of Graphite One Inc. (CVE:GPH) rose 17.1% during mid-day trading on Monday . The stock traded as high as C$1.71 and last traded at C$1.71. Approximately 1,167,355 shares were traded during trading, an increase of 379% from the average daily volume of 243,818 shares. The stock had previously closed at C$1.46.

Wall Street Analysts Forecast Growth

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

Graphite One Trading Up 12.3%

The stock’s 50 day moving average is C$1.20 and its 200-day moving average is C$0.95. The company has a market cap of C$282.94 million, a P/E ratio of -27.33 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.