Graphite One (CVE:GPH) Stock Price Up 21.7% - Time to Buy?

Key Points

• Graphite One Inc. saw its stock price increase by 21.7% during mid-day trading, reaching C$1.68.
• The trading volume surged to 1,393,403 shares, which is an increase of 787% compared to the average session volume.
• The company holds interests in the Graphite Creek property in Alaska, comprising 135 mining claims.

Graphite One Inc. (CVE:GPH - )'s stock price traded up 21.7% during mid-day trading on Thursday . The stock traded as high as C$1.68 and last traded at C$1.68. 1,393,403 shares traded hands during trading, an increase of 787% from the average session volume of 157,117 shares. The stock had previously closed at C$1.38.

Graphite One Stock Up 15.9%

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 company has a market cap of C$257.69 million, a price-to-earnings ratio of -26.67 and a beta of 1.40. The business has a fifty day moving average price of C$0.90 and a two-hundred day moving average price of C$0.86.

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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