Graphite One (CVE:GPH) Hits New 52-Week Low – What’s Next?

Graphite One Inc. (CVE:GPH) hit a new 52-week low during trading on Friday. The stock traded as low as C$0.57 and last traded at C$0.64, with a volume of 146,184 shares. The stock had previously closed at C$0.67.

Graphite One Stock Down 3.0%

The firm has a market cap of C$135.83 million, a PE ratio of -9.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.33 and a current ratio of 11.22. The company’s 50-day simple moving average is C$0.82 and its two-hundred day simple moving average is C$1.08.

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.