Graphite One (CVE:GPH) Stock Price Down 18.8% - Should You Sell?

Key Points

• Graphite One Inc. shares declined by 18.8% on Friday, closing at C$0.91 after trading as low as C$0.89.
• The company's trading volume surged to 620,440 shares, a significant increase of 639% compared to the average session volume.
• Graphite One holds interests in the Graphite Creek property in Alaska, consisting of 135 mining claims.

Graphite One Inc. (CVE:GPH - )'s share price fell 18.8% during trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.91. 620,440 shares were traded during mid-day trading, an increase of 639% from the average session volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Trading Down 18.8%

The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm's 50-day simple moving average is C$0.79 and its 200 day simple moving average is C$0.86. The stock has a market capitalization of C$92.14 million, a P/E ratio of -13.09 and a beta of 1.02.

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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