Graphite One (CVE:GPH) Shares Down 10.3% – What’s Next?

Graphite One Inc. (CVE:GPH) dropped 10.3% during trading on Monday . The stock traded as low as C$1.12 and last traded at C$1.13. Approximately 774,054 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 222,172 shares. The stock had previously closed at C$1.26.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Down 10.3%

The stock’s 50-day moving average price is C$1.04 and its two-hundred day moving average price is C$0.91. The stock has a market capitalization of C$181.99 million, a PE ratio of -18.83 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

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.