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

Key Points

• Graphite One Inc. stock surged by 23.5%, trading as high as C$1.44 during the session.
• Trading volume increased significantly, with approximately 1,643,106 shares traded, marking an increase of 1,030% from the average daily volume.
• The company holds interests in the Graphite Creek property located on the Seward Peninsula in Alaska, contributing to its market cap of C$228.70 million.

Graphite One Inc. (CVE:GPH - ) rose 23.5% during trading on Wednesday . The company traded as high as C$1.44 and last traded at C$1.42. Approximately 1,643,106 shares traded hands during trading, an increase of 1,030% from the average daily volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Stock Up 23.5%

The business has a fifty day moving average of C$0.87 and a 200 day moving average of C$0.85. The stock has a market cap of C$228.70 million, a price-to-earnings ratio of -23.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33.

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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