Graphite One (CVE:GPH) Trading Up 19% – Still a Buy?

Graphite One Inc. (CVE:GPH) was up 19% on Wednesday . The company 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.

Wall Street Analyst Weigh In

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

Graphite One Trading Up 19.0%

The company 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 quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is C$1.15 and its two-hundred day moving average price is 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.