Shares of Graphano Energy Ltd. (CVE:GEL – Get Free Report) were down 20% during trading on Thursday. The company traded as low as C$0.06 and last traded at C$0.06. 179,000 shares changed hands during trading, an increase of 249% from the average daily volume of 51,260 shares. The stock had previously closed at C$0.07.
Graphano Energy Price Performance
The firm’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.11. The firm has a market capitalization of C$1.30 million, a PE ratio of -1.18 and a beta of -0.07.
Graphano Energy Company Profile
Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine. The company was incorporated in 2020 and is based in Toronto, Canada.
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