Graphite One (CVE:GPH) Sets New 52-Week Low – Time to Sell?

Graphite One Inc. (CVE:GPH)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as C$0.73 and last traded at C$0.73, with a volume of 50,585 shares changing hands. The stock had previously closed at C$0.75.

Wall Street Analysts Forecast Growth

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

Graphite One Stock Down 2.7%

The company has a debt-to-equity ratio of 0.40, a current ratio of 11.22 and a quick ratio of 0.33. The company has a market capitalization of C$152.55 million, a P/E ratio of -10.43 and a beta of 1.44. The company has a 50 day moving average of C$0.91 and a 200-day moving average of C$1.18.

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.