Graphite One (CVE:GPH) Reaches New 1-Year Low – Here’s Why

Shares of Graphite One Inc. (CVE:GPH – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.73 and last traded at C$0.73, with a volume of 50,585 shares. The stock had previously closed at C$0.75.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on GPH

Graphite One Trading Up 2.6%

The firm has a market cap of C$165.08 million, a P/E ratio of -11.29 and a beta of 1.44. The business’s 50 day moving average is C$0.90 and its 200-day moving average is C$1.17. The company has a quick ratio of 0.33, a current ratio of 11.22 and a debt-to-equity ratio of 0.40.

Graphite One Company Profile

(Get Free Report)

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.

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