Graphite One (CVE:GPH) Sets New 52-Week Low – Here’s Why

Graphite One Inc. (CVE:GPH) shares hit a new 52-week low during trading on Friday. The stock traded as low as C$0.73 and last traded at C$0.73, with a volume of 63,888 shares traded. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

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

Graphite One Trading Down 5.1%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.33 and a current ratio of 11.22. The firm has a market cap of C$156.73 million, a P/E ratio of -10.71 and a beta of 1.44. The company has a 50 day moving average of C$0.93 and a 200 day moving average of C$1.02.

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.