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

Key Points

• Graphite One Inc. experienced a significant decline in its stock price, falling 20.2% to close at C$1.62 after trading as low as C$1.44.
• Despite the drop, analysts from Fundamental Research have set a price target of C$2.85 and issued a "buy" rating for the stock.
• The company holds interest in the Graphite Creek property in Alaska, consisting of 135 mining claims, and has a current market cap of C$260.91 million.

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

Wall Street Analysts Forecast Growth

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

Graphite One Stock Down 20.2%

The stock has a market cap of C$260.91 million, a P/E ratio of -27.00 and a beta of 1.40. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average is C$0.95 and its 200 day moving average is C$0.88.

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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