Graphite One (CVE:GPH) Shares Down 14.3% - Should You Sell?

Key Points

• Graphite One Inc. experienced a significant stock price decline of 14.3%, trading as low as C$1.10 before closing at C$1.14.
• Analysts at Fundamental Research have set a price target of C$2.85 and rated the stock as a "buy," reflecting a consensus rating of "buy" among analysts.
• The company, which focuses on mineral exploration in the US, has a market capitalization of C$185.21 million and a relatively low debt-to-equity ratio of 0.02.

Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price fell 14.3% on Wednesday . The company traded as low as C$1.10 and last traded at C$1.14. 782,732 shares traded hands during trading, an increase of 275% from the average session volume of 208,892 shares. The stock had previously closed at C$1.33.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price target on Graphite One and gave the stock a "buy" rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$2.85.

Graphite One Price Performance

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 has a market cap of C$185.21 million, a PE ratio of -19.17 and a beta of 1.40. The firm has a 50-day simple moving average of C$0.99 and a 200 day simple moving average of C$0.90.

Graphite One Company Profile

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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