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Graphite One (CVE:GPH) Share Price Passes Below 200 Day Moving Average - Here's Why

Graphite One logo with Basic Materials background

Key Points

  • Graphite One Inc. (CVE:GPH) shares fell below their 200-day moving average of C$0.85, trading as low as C$0.72.
  • The company has a market capitalization of C$115.96 million and a PE ratio of -12.00, indicating potential challenges in profitability.
  • Graphite One operates in the mineral exploration sector, primarily focused on the Graphite Creek property in Alaska, consisting of 135 mining claims.
  • MarketBeat previews top five stocks to own in November.

Graphite One Inc. (CVE:GPH - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.85 and traded as low as C$0.72. Graphite One shares last traded at C$0.72, with a volume of 259,161 shares changing hands.

Graphite One Stock Performance

The business's fifty day moving average price is C$0.85 and its 200-day moving average price is C$0.85. 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 stock has a market capitalization of C$114.35 million, a PE ratio of -11.83 and a beta of 1.38.

Graphite One Company Profile

(Get Free Report)

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.

Further Reading

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