Graphite One (CVE:GPH) Stock Price Up 23.5% - Here's What Happened

Key Points

• Graphite One Inc.'s stock price surged 23.5% during a trading session, reaching a peak of C$1.44 before closing at C$1.42.
• Trading volume jumped drastically to 1,643,106 shares, representing a 1,030% increase from the average session volume.
• The company's market capitalization stands at C$228.70 million, with a debt-to-equity ratio of 0.02 and a current ratio of 1.09.

Graphite One Inc. (CVE:GPH - )'s stock price traded up 23.5% during trading on Tuesday . The stock traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares changed hands during mid-day trading, an increase of 1,030% from the average session volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Trading Up 23.5%

The firm's 50-day simple moving average is C$0.86 and its 200 day simple moving average is C$0.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The firm has a market capitalization of C$228.70 million, a price-to-earnings ratio of -23.67 and a beta of 1.40.

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.

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