Graphite One (CVE:GPH) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.41 and traded as low as C$0.95. Graphite One shares last traded at C$0.95, with a volume of 16,877 shares trading hands.

Analyst Upgrades and Downgrades

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

Graphite One Price Performance

The stock’s 50 day simple moving average is C$1.09 and its 200-day simple moving average is C$1.41. The firm has a market cap of C$198.52 million, a price-to-earnings ratio of -13.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 30.04.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.