Graphite One (CVE:GPH) Trading 11.6% Higher - Still a Buy?

Key Points

• Graphite One Inc. (CVE:GPH) shares increased by 11.6% during mid-day trading, reaching a high of C$1.54.
• The company's market capitalization stands at C$257.69 million with a price-to-earnings ratio of -26.67.
• Graphite One operates the Graphite Creek property in Alaska, comprising 135 mining claims, focusing on mineral exploration in the United States.

Shares of Graphite One Inc. (CVE:GPH - ) rose 11.6% during mid-day trading on Thursday . The company traded as high as C$1.54 and last traded at C$1.54. Approximately 795,721 shares traded hands during mid-day trading, an increase of 414% from the average daily volume of 154,693 shares. The stock had previously closed at C$1.38.

Graphite One Trading Up 15.9%

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 company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The business's 50 day moving average price is C$0.88 and its 200-day moving average price 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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