Graphite One (CVE:GPH) Shares Up 17.4% - Time to Buy?

Key Points

• Graphite One Inc. shares surged by 17.4% during mid-day trading, reaching a high of C$1.40 before closing at C$1.35.
• The company experienced an unusual trading activity with 933,063 shares changing hands, marking a 563% increase from its average daily volume.
• Graphite One has a market capitalization of C$212.59 million and operates in the mineral exploration sector, holding interests in the Graphite Creek property in Alaska.

Graphite One Inc. (CVE:GPH - ) shares were up 17.4% during mid-day trading on Tuesday . The company traded as high as C$1.40 and last traded at C$1.35. Approximately 933,063 shares changed hands during trading, an increase of 563% from the average daily volume of 140,660 shares. The stock had previously closed at C$1.15.

Graphite One Price Performance

The company has a market capitalization of C$212.59 million, a P/E ratio of -22.00 and a beta of 1.40. The business's 50-day moving average is C$0.86 and its two-hundred day moving average is C$0.84. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.