Graphite One (CVE:GPH) Shares Up 23.5% - Should You Buy?

Key Points

• Graphite One Inc. shares surged 23.5% during mid-day trading, reaching C$1.42, significantly above its previous close of C$1.15.
• The trading volume increased dramatically to 1,643,106 shares, up 1,030% compared to its average session volume of 145,406 shares.
• Graphite One holds a major interest in the Graphite Creek property in Alaska, consisting of 135 mining claims.

Graphite One Inc. (CVE:GPH - ) shot up 23.5% during mid-day trading on Tuesday . The company traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares were traded during 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 Price Performance

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 stock's fifty day moving average price is C$0.87 and its 200-day moving average price is C$0.85. The firm has a market cap of C$228.70 million, a price-to-earnings ratio of -23.67 and a beta of 1.40.

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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