Graphite One (CVE:GPH) Trading Down 13.1% - Here's Why

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.

Graphite One Inc. (CVE:GPH - )'s share price traded down 13.1% during mid-day trading on Tuesday . The stock traded as low as C$0.91 and last traded at C$0.93. 157,319 shares were traded during 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 Stock Down 6.5%

The business has a 50-day moving average of C$0.81 and a 200-day moving average of C$0.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a market capitalization of C$101.25 million, a price-to-earnings ratio of -14.38 and a beta of 1.02.

Graphite One Company Profile

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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