Graphite One (CVE:GPH) Trading Down 10.3% – Here’s What Happened

Shares of Graphite One Inc. (CVE:GPH) were down 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 trading, an increase of 248% from the average daily volume of 222,172 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

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

Graphite One Stock Down 10.3%

The company’s fifty day moving average is C$1.05 and its 200-day moving average is C$0.91. The company 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.

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.