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

Graphite One Inc. (CVE:GPH)’s stock price traded up 19% during mid-day trading on Tuesday . The company traded as high as C$1.75 and last traded at C$1.44. 1,197,604 shares changed hands during mid-day trading, an increase of 417% from the average session 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 target on shares of Graphite One and gave the stock a “buy” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Graphite One has a consensus rating of “Buy” and a consensus price target of C$2.85.

Graphite One Price Performance

The company has a 50-day moving average of C$1.15 and a two-hundred day moving average of C$0.94. The stock has a market capitalization of C$231.92 million, a PE ratio of -24.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33.

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.