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Graphite One (CVE:GPH) Stock Price Down 13.1% - Should You Sell?

Graphite One logo with Basic Materials background

Key Points

  • Graphite One Inc. shares dropped 13.1% on Tuesday, trading as low as C$0.91 and closing at C$0.93.
  • The company's market capitalization stands at C$105.30 million with a PE ratio of -14.95, indicating potential concern among investors.
  • Graphite One focuses on mineral exploration, particularly in the Graphite Creek property located in Alaska.
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Graphite One Inc. (CVE:GPH - Get Free Report) shares traded down 13.1% during mid-day trading on Tuesday . The stock traded as low as C$0.91 and last traded at C$0.93. 157,319 shares were traded during trading, an increase of 79% from the average session volume of 88,125 shares. The stock had previously closed at C$1.07.

Graphite One Stock Performance

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 firm's 50 day simple moving average is C$0.83 and its 200-day simple moving average is C$0.88. The company has a market cap of C$103.28 million, a price-to-earnings ratio of -14.67 and a beta of 1.02.

About Graphite One

(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.

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