Graphite One (CVE:GPH) Trading Down 3.1% – Here’s Why

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

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 target price on shares of 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Trading Down 3.1%

The company has a market cap of C$202.93 million, a P/E ratio of -21.00 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 firm’s 50-day moving average price is C$1.11 and its 200-day moving average price is C$0.92.

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.