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

Key Points

• Graphite One Inc. (CVE:GPH) experienced a significant share price decline of 18.8% on Friday, closing at C$0.91 after trading as low as C$0.89.
• The trading volume surged by 639%, with approximately 620,440 shares changing hands compared to the average daily volume of 83,920 shares.
• Graphite One holds the Graphite Creek property in Alaska, comprising 135 mining claims, and has a market capitalization of C$92.14 million.

Graphite One Inc. (CVE:GPH - ) shares were down 18.8% on Friday . The company traded as low as C$0.89 and last traded at C$0.91. Approximately 620,440 shares traded 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 Stock Performance

The firm has a market capitalization of C$92.14 million, a PE ratio of -13.09 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The business's 50 day simple moving average is C$0.79 and its two-hundred day simple 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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