Graphite One (CVE:GPH) Stock Price Down 2.3% - Here's What Happened

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 share price traded down 2.3% on Wednesday . The stock traded as low as C$0.84 and last traded at C$0.84. 44,358 shares changed hands during 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 4.9%

The company has a market capitalization of C$77.97 million, a price-to-earnings ratio of -11.07 and a beta of 1.02. The firm's 50 day moving average price is C$0.84 and its two-hundred day moving average price is C$0.88. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.