Graphite One (CVE:GPH) Trading Down 18.8% - Here's Why

Key Points

• Graphite One Inc.'s stock dropped by 18.8% during trading on Friday, reaching a low of C$0.89 before closing at C$0.91.
• The trading volume surged to approximately 620,440 shares, a significant increase of 639% compared to its average daily volume.
• Graphite One, which operates in the mineral exploration sector, holds interests in the Graphite Creek property located in Alaska, comprised of 135 mining claims.

Graphite One Inc. (CVE:GPH - )'s stock price was down 18.8% during trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.91. Approximately 620,440 shares changed hands during mid-day trading, an increase of 639% from the average daily volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Stock Performance

The company's 50-day simple moving average is C$0.79 and its 200 day simple moving average is C$0.86. 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 stock has a market cap of C$92.14 million, a P/E ratio of -13.09 and a beta of 1.02.

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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