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

Graphite One Inc. (CVE:GPH - Get Free Report) traded down 18.8% during trading on Thursday . The company traded as low as C$0.89 and last traded at C$0.91. 620,440 shares traded hands during trading, an increase of 639% from the average session volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Stock Down 18.8%

The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market cap of C$92.14 million, a price-to-earnings ratio of -13.09 and a beta of 1.02. The stock's 50 day moving average is C$0.79 and its 200 day moving average is C$0.86.

About Graphite One

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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