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

Graphite One Inc. (CVE:GPH) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$2.54 and last traded at C$2.48, with a volume of 619749 shares changing hands. The stock had previously closed at C$2.30.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 price objective on Graphite One and gave the company 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, Graphite One currently has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Up 9.6%

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 stock’s fifty day simple moving average is C$1.84 and its two-hundred day simple moving average is C$1.31. The stock has a market capitalization of C$457.42 million, a P/E ratio of -42.00 and a beta of 1.61.

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.