Graphite One (CVE:GPH) Stock Price Down 20.2% - Time to Sell?

Key Points

• Graphite One Inc. shares experienced a significant decline of 20.2%, trading as low as C$1.44 before closing at C$1.62.
• Despite the drop, Fundamental Research has set a target price of C$2.85 with a "buy" rating for the stock.
• The company holds interest in the Graphite Creek property located in Alaska, comprising 135 mining claims.

Shares of Graphite One Inc. (CVE:GPH - Get Free Report) fell 20.2% on Wednesday . The company traded as low as C$1.44 and last traded at C$1.62. Approximately 1,717,677 shares traded hands during mid-day trading, an increase of 814% from the average session volume of 187,935 shares. The stock had previously closed at C$2.03.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.85 target price on shares of Graphite One and gave the company a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$2.85.

Graphite One Price Performance

The business has a 50-day simple moving average of C$0.94 and a two-hundred day simple moving average of C$0.87. 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 stock has a market capitalization of C$260.91 million, a price-to-earnings ratio of -27.00 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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