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Graphite One (CVE:GPH) Shares Down 17% - Should You Sell?

Graphite One logo with Basic Materials background

Graphite One Inc. (CVE:GPH - Get Free Report) traded down 17% on Thursday . The company traded as low as C$0.89 and last traded at C$0.93. 590,840 shares changed hands during mid-day trading, an increase of 606% from the average session volume of 83,635 shares. The stock had previously closed at C$1.12.

Graphite One Stock Performance

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 stock has a 50 day simple moving average of C$0.80 and a two-hundred day simple moving average of C$0.86. The company has a market cap of C$91.13 million, a PE ratio of -12.94 and a beta of 1.02.

Graphite One Company Profile

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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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