Graphite One (CVE:GPH) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• Shares fell below the 200-day moving average (200-day MA C$1.52), trading as low as C$1.16 and last at C$1.18 on volume 195,186, down about 1.7%.
• Financial metrics show a market cap of C$245.95 million, a negative P/E of -19.67 and beta of 1.32; liquidity and leverage include a current ratio of 2.42, quick ratio of 0.33 and debt-to-equity of 0.22, with a 50-day MA of C$1.20.
• Graphite One is a U.S. mineral exploration company that holds the Graphite Creek property (135 mining claims) in Alaska, and is headquartered in Vancouver (incorporated 2006, renamed 2019).

Shares of Graphite One Inc. (CVE:GPH - ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.52 and traded as low as C$1.16. Graphite One shares last traded at C$1.18, with a volume of 195,186 shares changing hands.

Graphite One Trading Down 1.7%

The stock has a market cap of C$245.95 million, a P/E ratio of -19.67 and a beta of 1.32. The company has a current ratio of 2.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is C$1.20 and its 200 day moving average price is C$1.52.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.

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