Graphite One (CVE:GPH) Shares Down 2.3% - Should You Sell?

Key Points

• Graphite One Inc. stock declined by 2.3% during trading, closing at C$0.84, with a significant drop in trading volume of 52% compared to its average.
• The company, which operates as a mineral exploration firm in the U.S., holds interests in the Graphite Creek property in Alaska and has a market cap of C$84.04 million.
• Graphite One's recent financial metrics include a PE ratio of -11.93 and a debt-to-equity ratio of 0.02, indicating potential concerns about its profitability and financial leverage.

Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price traded down 2.3% during mid-day trading on Wednesday . The stock traded as low as C$0.84 and last traded at C$0.84. 44,358 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 92,115 shares. The stock had previously closed at C$0.86.

Graphite One Stock Down 4.7%

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 has a 50 day simple moving average of C$0.84 and a 200-day simple moving average of C$0.88. The stock has a market cap of C$82.02 million, a P/E ratio of -11.65 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.