Graphite One (CVE:GPH) Stock Price Down 5.5% – What’s Next?

Graphite One Inc. (CVE:GPH)’s stock price dropped 5.5% during trading on Wednesday . The stock traded as low as C$1.54 and last traded at C$1.56. Approximately 303,596 shares changed hands during trading, a decline of 25% from the average daily volume of 404,831 shares. The stock had previously closed at C$1.65.

Graphite One Price Performance

The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The firm has a market cap of C$292.24 million, a P/E ratio of -26.83 and a beta of 1.73. The stock’s fifty day moving average is C$1.97 and its two-hundred day moving average is C$1.41.

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.