Graphite One (CVE:GPH) Hits New 52-Week High – What’s Next?

Shares of Graphite One Inc. (CVE:GPH) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.29 and last traded at C$2.28, with a volume of 326087 shares. The stock had previously closed at C$2.10.

Analysts Set New Price Targets

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

Graphite One Price Performance

The company has a 50 day moving average of C$1.68 and a two-hundred day moving average of C$1.22. The firm has a market cap of C$405.71 million, a P/E ratio of -38.00 and a beta of 1.61. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.