Graphite One (CVE:GPH) Hits New 12-Month High - What's Next?

Key Points

• Graphite One Inc. (CVE:GPH) reached a new 52-week high of C$2.26 on Tuesday, with the stock closing at C$1.99 after a trading volume of over 1.5 million shares.
• Analysts from Fundamental Research assigned a C$2.85 price target for the stock, maintaining a "buy" rating based on a consensus average rating of "Buy" from research analysts.
• The company has a current market cap of C$322.11 million and boasts a low debt-to-equity ratio of 0.02, indicating strong financial health.

Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as C$2.26 and last traded at C$1.99, with a volume of 1555481 shares traded. The stock had previously closed at C$1.67.

Wall Street Analyst Weigh In

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

Graphite One Trading Up 19.8%

The firm has a 50-day moving average price of C$0.92 and a 200-day moving average price of C$0.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a market cap of C$322.11 million, a PE ratio of -33.33 and a beta of 1.40.

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.

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