Graphite One (CVE:GPH) Trading 23.5% Higher - Here's What Happened

Key Points

• Graphite One Inc. shares soared by 23.5%, reaching C$1.44 before closing at C$1.42, with a significant trading volume of 1,643,106 shares, up 1,030% from the average.
• The company, which operates the Graphite Creek property in Alaska, has a market capitalization of C$228.70 million and a P/E ratio of -23.67.
• Graphite One has low debt levels, with a debt-to-equity ratio of 0.02, indicating strong financial health.

Graphite One Inc. (CVE:GPH - )'s share price traded up 23.5% during mid-day trading on Wednesday . The stock traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares changed hands during mid-day trading, an increase of 1,030% from the average session volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Stock Up 23.5%

The stock has a market capitalization of C$228.70 million, a P/E 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. The stock's fifty day moving average is C$0.87 and its two-hundred day moving average is C$0.85.

Graphite One Company Profile

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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