Graphite One (CVE:GPH) Trading Down 20.2% - Here's What Happened

Key Points

• Graphite One Inc. experienced a significant stock price decline of 20.2%, closing at C$1.62 after trading as low as C$1.44.
• Despite the recent drop, Fundamental Research set a target price of C$2.85, maintaining a "buy" rating for the company.
• Graphite One's market capitalization stands at C$260.91 million, with a negative price-to-earnings ratio of -27.00 and a current ratio of 1.09.

Graphite One Inc. (CVE:GPH - Get Free Report)'s stock price was down 20.2% on Thursday . The stock traded as low as C$1.44 and last traded at C$1.62. Approximately 1,717,677 shares were traded during trading, an increase of 814% from the average daily volume of 187,935 shares. The stock had previously closed at C$2.03.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.85 target price on Graphite One and gave the company a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$2.85.

Graphite One Price Performance

The firm has a market cap of C$260.91 million, a PE ratio of -27.00 and a beta of 1.40. 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 business has a fifty day moving average of C$0.95 and a 200-day moving average of C$0.88.

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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