Graphite One (CVE:GPH) Shares Up 23.5% - Still a Buy?

Key Points

• Graphite One Inc. shares surged 23.5% on Tuesday, closing at C$1.42 after hitting a high of C$1.44.
• The trading volume reached 1,643,106 shares, marking a significant increase of 1,030% from the average volume.
• The company, which holds the Graphite Creek property in Alaska, has a market cap of C$228.70 million and a debt-to-equity ratio of 0.02.

Graphite One Inc. (CVE:GPH - ) shares shot up 23.5% on Tuesday . The stock traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares changed hands 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 Stock Performance

The business's fifty day moving average price is C$0.87 and its 200-day moving average price is C$0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a market cap of C$228.70 million, a PE ratio of -23.67 and a beta of 1.40.

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.

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