Graphite One (CVE:GPH) Shares Down 8.9% - What's Next?

Key Points

• Graphite One's share price dropped by 8.9%, trading as low as C$1.81, after previously closing at C$2.03.
• Analysts from Fundamental Research have set a price target of C$2.85 for Graphite One and recommend a "buy" rating.
• The company operates the Graphite Creek property in Alaska and has a market capitalization of C$238.36 million.

Graphite One Inc. (CVE:GPH - Get Free Report)'s share price fell 8.9% during mid-day trading on Wednesday . The company traded as low as C$1.81 and last traded at C$1.85. 279,110 shares traded hands during trading, an increase of 55% from the average session volume of 179,895 shares. The stock had previously closed at C$2.03.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.85 target price on Graphite One and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$2.85.

Graphite One Price Performance

The company has a market capitalization of C$238.36 million, a PE ratio of -24.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a 50 day moving average price of C$0.94 and a two-hundred day moving average price of C$0.87.

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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