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

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

Analysts Set New Price Targets

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

Graphite One Stock 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 debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The company’s 50-day moving average is C$1.15 and its 200 day moving average 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.