Graphite One (CVE:GPH) Trading 23.5% Higher - What's Next?

Key Points

• Graphite One Inc. saw a significant stock price increase of 23.5%, trading as high as C$1.44.
• The trading volume surged to 1,643,106 shares, a jump of 1,033% from its average session volume.
• Graphite One holds interests in the Graphite Creek property in Alaska, comprising 135 mining claims.

Graphite One Inc. (CVE:GPH - )'s stock price traded up 23.5% on Tuesday . The company traded as high as C$1.44 and last traded at C$1.42. 1,643,106 shares changed hands during trading, an increase of 1,033% from the average session volume of 144,995 shares. The stock had previously closed at C$1.15.

Graphite One Price Performance

The firm 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's fifty day moving average price is C$0.86 and its 200 day moving average price is C$0.84. 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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