Graphano Energy (CVE:GEL) Trading Down 22.6% – Here’s What Happened

Graphano Energy Ltd. (CVE:GELGet Free Report)’s stock price dropped 22.6% on Tuesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 138,019 shares traded hands during trading, an increase of 190% from the average daily volume of 47,583 shares. The stock had previously closed at C$0.16.

Graphano Energy Price Performance

The stock has a market cap of C$2.60 million, a price-to-earnings ratio of -3.75 and a beta of -0.07. The company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.17.

About Graphano Energy

(Get Free Report)

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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