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

Key Points

• Graphite One Inc. (CVE:GPH) saw a significant stock price increase of 23.5%, trading at C$1.42 after closing at C$1.15.
• The trading volume surged to approximately 1.6 million shares, marking a 1,030% increase compared to the average daily volume.
• Graphite One is a mineral exploration company holding interests in the Graphite Creek property located in Alaska, with a market capitalization of C$228.70 million.

Graphite One Inc. (CVE:GPH - ) shares rose 23.5% during trading on Wednesday . The stock traded as high as C$1.44 and last traded at C$1.42. Approximately 1,643,106 shares were traded 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 Price Performance

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

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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