Graphite One (CVE:GPH) Stock Price Up 19% – What’s Next?

Graphite One Inc. (CVE:GPH) rose 19% during trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. Approximately 1,197,604 shares changed hands during trading, an increase of 417% from the average daily volume of 231,758 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

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

Graphite One Trading Up 19.0%

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 company has a market cap of C$231.92 million, a price-to-earnings ratio of -24.00 and a beta of 1.34. The firm has a 50-day moving average price of C$1.15 and a 200 day moving average price of C$0.94.

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.