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

Graphite One Inc. (CVE:GPH)’s share price dropped 10.3% during trading on Tuesday . The stock traded as low as C$1.12 and last traded at C$1.13. Approximately 774,054 shares were traded 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 Analyst Weigh In

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

Graphite One Stock Down 10.3%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. 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 firm has a market capitalization of C$181.99 million, a PE ratio of -18.83 and a beta of 1.40.

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.