Graphite One (CVE:GPH) Stock Price Up 23.5% - Still a Buy?

Key Points

• Graphite One Inc. shares saw a significant increase of 23.5% during mid-day trading, reaching a price of C$1.42, compared to the previous close of C$1.15.
• The trading volume surged to approximately 1.6 million shares, marking an increase of 1,030% from the average daily volume of around 145,406 shares.
• Graphite One operates in the mineral exploration sector, specifically focused on the Graphite Creek property in Alaska, further identifying it as a company with growth potential in this commodity market.

Shares of Graphite One Inc. (CVE:GPH - ) rose 23.5% during mid-day trading on Tuesday . The stock traded as high as C$1.44 and last traded at C$1.42. Approximately 1,643,106 shares traded hands during mid-day 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 Performance

The firm 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 quick ratio of 0.33 and a current ratio of 1.09. The firm's 50 day moving average is C$0.87 and its 200-day moving average is C$0.85.

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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