Graphite One (CVE:GPH) Trading 19% Higher – What’s Next?

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

Graphite One Stock Up 19.0%

The business has a 50-day simple moving average of C$1.15 and a 200-day simple moving average of C$0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. 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.

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.