Graphite One (CVE:GPH) Trading Down 10.3% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s share price traded down 10.3% during trading on Monday . The company traded as low as C$1.12 and last traded at C$1.13. 774,054 shares traded hands during trading, an increase of 248% from the average session 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 price objective on Graphite One and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Graphite One presently has an average rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The company has a 50 day moving average price of C$1.05 and a 200-day moving average price of C$0.91. The company has a market cap of C$181.99 million, a price-to-earnings ratio of -18.83 and a beta of 1.40. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.