Graphite One (CVE:GPH) Stock Price Down 2.4% – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s share price fell 2.4% on Wednesday . The stock traded as low as C$1.54 and last traded at C$1.61. 484,388 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 413,289 shares. The stock had previously closed at C$1.65.

Wall Street Analyst Weigh In

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

Graphite One Price Performance

The stock has a fifty day moving average of C$1.97 and a 200-day moving average of C$1.40. The firm has a market capitalization of C$299.50 million, a price-to-earnings ratio of -27.50 and a beta of 1.73. The company has a current ratio of 1.09, a quick ratio of 0.33 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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.