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

Key Points

• Graphite One Inc. experienced a significant price increase of 23.5%, reaching a trading high of C$1.44 before settling at C$1.42.
• The trading volume surged to 1,643,106 shares, a notable increase of 1,030% compared to its average session volume.
• The company, with a market cap of C$228.70 million, operates in the mineral exploration sector and holds the Graphite Creek property in Alaska.

Graphite One Inc. (CVE:GPH - ) shot up 23.5% on Wednesday . The company traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares were traded during mid-day trading, an increase of 1,030% from the average session volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Stock Performance

The company has a market cap of C$228.70 million, a PE ratio of -23.67 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 business has a fifty day moving average of C$0.87 and a 200-day moving average of C$0.85.

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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