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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 Inc. shares dropped by 18.8%, trading as low as C$0.89 before closing at C$0.91, amid a significant increase in trading volume.
  • The company has a market cap of C$92.14 million and operates in mineral exploration, holding interests in the Graphite Creek property in Alaska.
  • Currently, Graphite One has a debt-to-equity ratio of 0.02, indicating low leverage, but a P/E ratio of -13.09, suggesting it is not currently profitable.
  • Five stocks we like better than Graphite One.

Shares of Graphite One Inc. (CVE:GPH - Get Free Report) traded down 18.8% during trading on Friday . 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 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 stock's 50-day simple moving average is C$0.80 and its 200 day simple moving average is C$0.86. The stock has a market capitalization of C$89.10 million, a P/E ratio of -12.65 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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