Graphite One (CVE:GPH) Shares Up 23.5% - Here's What Happened

Key Points

• Graphite One Inc. (CVE:GPH) shares surged by 23.5% on Tuesday, reaching a high of C$1.44 before closing at C$1.42.
• Trading volume for the stock increased significantly, with approximately 1.64 million shares changing hands, compared to an average of 145,406 shares.
• The company, which operates in mineral exploration in the United States, has a current market capitalization of C$228.70 million and holds interests in the Graphite Creek property in Alaska.

Graphite One Inc. (CVE:GPH - ) rose 23.5% during trading on Tuesday . The stock traded as high as C$1.44 and last traded at C$1.42. Approximately 1,643,106 shares changed hands during trading, an increase of 1,030% from the average daily volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Stock Up 23.5%

The company has a market capitalization of C$228.70 million, a PE ratio of -23.67 and a beta of 1.40. The firm's 50-day simple moving average is C$0.86 and its 200 day simple moving average is C$0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

About Graphite One

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.