Graphite One (CVE:GPH) Trading Up 17.7% – Here’s What Happened

Graphite One Inc. (CVE:GPH) rose 17.7% during mid-day trading on Wednesday . The stock traded as high as C$0.95 and last traded at C$0.93. 436,037 shares were traded during trading, an increase of 57% from the average daily volume of 277,389 shares. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.50 price target on shares of Graphite One and gave the company a “buy” rating in a research note on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$2.50.

Graphite One Stock Up 17.7%

The company has a quick ratio of 0.33, a current ratio of 30.04 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of C$1.04 and a 200 day simple moving average of C$1.35. The stock has a market cap of C$194.34 million, a price-to-earnings ratio of -13.29 and a beta of 1.35.

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