Graphite One (CVE:GPH) Shares Up 23.9% - Time to Buy?

Key Points

• Graphite One Inc. shares surged by 23.9%, reaching a last trade price of C$1.71 after a significant increase in trading volume.
• The company holds interests in the Graphite Creek property in Alaska, consisting of 135 mining claims.
• Despite its recent stock increase, Graphite One has a negative price-to-earnings ratio of -26.67 and a market cap of C$257.69 million.

Graphite One Inc. (CVE:GPH - ) shares rose 23.9% during mid-day trading on Thursday . The stock traded as high as C$1.75 and last traded at C$1.71. Approximately 1,737,768 shares were traded during trading, an increase of 973% from the average daily volume of 161,993 shares. The stock had previously closed at C$1.38.

Graphite One Stock Up 15.9%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The firm has a market cap of C$257.69 million, a price-to-earnings ratio of -26.67 and a beta of 1.40. The firm has a 50 day moving average price of C$0.90 and a 200-day moving average price of 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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