Graphite One (CVE:GPH) Shares Up 21.7% - Still a Buy?

Key Points

• Graphite One Inc. shares surged 21.7% to C$1.68, with trading volume increasing by 787% from the average session.
• The company has a market cap of C$257.69 million and a P/E ratio of -26.67, indicating potential concerns regarding profitability.
• Graphite One operates in the United States and holds interests in the Graphite Creek property, which consists of 135 mining claims in Alaska.

Graphite One Inc. (CVE:GPH - )'s share price shot up 21.7% during mid-day trading on Thursday . The stock traded as high as C$1.68 and last traded at C$1.68. 1,393,403 shares were traded during mid-day trading, an increase of 787% from the average session volume of 157,117 shares. The stock had previously closed at C$1.38.

Graphite One Stock Up 15.9%

The company has a market cap of C$257.69 million, a P/E ratio of -26.67 and a beta of 1.40. 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 firm's 50 day moving average price is C$0.90 and its 200-day moving average price is C$0.86.

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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