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Graphite One (CVE:GPH) Shares Cross Above 200 Day Moving Average - Here's What Happened

Graphite One logo with Basic Materials background

Shares of Graphite One Inc. (CVE:GPH - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.85 and traded as high as C$1.14. Graphite One shares last traded at C$1.12, with a volume of 332,995 shares changing hands.

Graphite One Trading Down 1.1%

The firm has a market cap of C$91.13 million, a price-to-earnings ratio of -12.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The firm's fifty day moving average is C$0.80 and its 200-day moving average is C$0.86.

About Graphite One

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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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