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

Key Points

• Graphite One Inc. experienced a significant stock surge of 23.5%, reaching a last trading price of C$1.42 compared to the previous close of C$1.15.
• The trading volume increased dramatically by 1,030%, with over 1.6 million shares traded, indicating heightened investor interest.
• The company, based in the United States, holds a notable asset in the Graphite Creek property in Alaska, comprising 135 mining claims.

Graphite One Inc. (CVE:GPH - )'s stock price traded up 23.5% during mid-day trading on Wednesday . The company traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares were traded during 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 company 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 current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of C$0.87 and a 200 day moving average price of 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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