Graphite One (CVE:GPH) Trading 11.6% Higher - Time to Buy?

Key Points

• Graphite One Inc. shares surged by 11.6% on Thursday, with a last traded price of C$1.54, significantly above its previous close of C$1.38.
• The trading volume for the stock reached approximately 795,721 shares, marking a 414% increase from its average daily volume.
• Graphite One holds the Graphite Creek property in Alaska, consisting of 135 mining claims, highlighting its role in mineral exploration in the U.S.

Shares of Graphite One Inc. (CVE:GPH - ) rose 11.6% on Thursday . The stock traded as high as C$1.54 and last traded at C$1.54. Approximately 795,721 shares changed 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 Stock Up 15.9%

The company has a 50 day moving average price of C$0.88 and a two-hundred day moving average price of C$0.85. 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 stock has a market cap of C$257.69 million, a PE ratio of -26.67 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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