Graphite One (CVE:GPH) Shares Up 19% – Should You Buy?

Graphite One Inc. (CVE:GPH)’s share price was up 19% during mid-day trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 price objective on shares of 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, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$2.85.

Graphite One Stock Up 19.0%

The stock has a market capitalization of C$231.92 million, a price-to-earnings 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 has a 50 day moving average price of C$1.15 and a 200 day moving average price of 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.