Graphite One (CVE:GPH) Trading 7.3% Higher - Still a Buy?

Key Points

• Graphite One Inc. (CVE:GPH) saw a 7.3% increase in share price, closing at C$1.32 after trading as high as C$1.34.
• Analysts at Fundamental Research have issued a price target of C$2.85 and a "buy" rating for the stock, which currently maintains an average "buy" rating overall.
• The company, based in the U.S., focuses on mineral exploration and holds interests in the Graphite Creek property in Alaska, with a market capitalization of C$198.10 million.

Graphite One Inc. (CVE:GPH - Get Free Report)'s share price traded up 7.3% on Friday . The company traded as high as C$1.34 and last traded at C$1.32. 172,144 shares traded hands during trading, a decline of 20% from the average session volume of 214,341 shares. The stock had previously closed at C$1.23.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the company a "buy" rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$2.85.

Graphite One Price Performance

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$198.10 million, a P/E ratio of -20.50 and a beta of 1.40. The company's 50-day simple moving average is C$1.00 and its two-hundred day simple moving average is C$0.90.

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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