Graphite One (CVE:GPH) Stock Price Down 3.1% – Should You Sell?

Graphite One Inc. (CVE:GPH) shares were down 3.1% during trading on Thursday . The stock traded as low as C$1.21 and last traded at C$1.26. Approximately 178,304 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 228,333 shares. The stock had previously closed at C$1.30.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.85 target price on Graphite One and gave the company a “buy” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Graphite One has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Price Performance

The company has a market capitalization of C$202.93 million, a P/E ratio of -21.00 and a beta of 1.34. The business’s 50-day moving average is C$1.11 and its two-hundred day moving average is C$0.92. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.