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Graphite One (CVE:GPH) Shares Up 25.6% - Here's What Happened

Graphite One logo with Basic Materials background

Graphite One Inc. (CVE:GPH - Get Free Report) rose 25.6% during mid-day trading on Tuesday . The stock traded as high as C$1.01 and last traded at C$0.98. Approximately 255,597 shares were traded during mid-day trading, an increase of 302% from the average daily volume of 63,567 shares. The stock had previously closed at C$0.78.

Graphite One Stock Up 6.3%

The company's fifty day simple moving average is C$0.87 and its 200-day simple moving average is C$0.84. 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 firm has a market capitalization of C$85.05 million, a PE ratio of -12.08 and a beta of 1.02.

Graphite One Company Profile

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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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