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Graphite One (CVE:GPH) Shares Down 18.8% - Here's Why

Graphite One logo with Basic Materials background

Key Points

  • Graphite One's shares fell by 18.8% during mid-day trading, reaching a low of C$0.89 before closing at C$0.91.
  • The trading volume for the day was approximately 620,440 shares, a significant increase of 639% compared to the average daily volume of 83,920 shares.
  • The company holds interests in the Graphite Creek property in Alaska, comprising 135 mining claims, and has a market capitalization of C$92.14 million.
  • Five stocks to consider instead of Graphite One.
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Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price was down 18.8% during mid-day trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.91. Approximately 620,440 shares changed hands during trading, an increase of 639% from the average daily volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Price Performance

The firm's fifty day moving average price is C$0.79 and its 200-day moving average price is C$0.86. The company has a market capitalization of C$92.14 million, a price-to-earnings ratio of -13.09 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.

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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