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Graphite One (CVE:GPH) Stock Price Down 13.1% - Time to Sell?

Graphite One logo with Basic Materials background

Key Points

  • Graphite One Inc. shares dropped by 13.1% to a trading price of C$0.93 during mid-day trading, marking a significant decrease from its previous close of C$1.07.
  • Trading volume increased by 79% to 157,319 shares, surpassing the average volume of 88,125 shares.
  • The company operates in the mineral exploration sector, holding interest in the Graphite Creek property located in Alaska, with a current market capitalization of C$101.25 million.
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Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price fell 13.1% on Tuesday . The company traded as low as C$0.91 and last traded at C$0.93. 157,319 shares traded hands during mid-day trading, an increase of 79% from the average session volume of 88,125 shares. The stock had previously closed at C$1.07.

Graphite One Trading Up 5.2%

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 company has a market cap of C$103.28 million, a P/E ratio of -14.67 and a beta of 1.02. The stock's 50 day moving average is C$0.83 and its 200-day moving average is C$0.88.

About Graphite One

(Get Free Report)

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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