Graphite One (CVE:GPH) Trading Down 20.2% - Time to Sell?

Key Points

• Graphite One Inc. experienced a significant drop of 20.2% in stock price, trading as low as C$1.44 before closing at C$1.62.
• Despite the recent decline, Fundamental Research has set a price target of C$2.85, maintaining a "buy" rating for the stock.
• The company operates mineral exploration properties in Alaska and has a market capitalization of C$260.91 million with a debt-to-equity ratio of 0.02.

Graphite One Inc. (CVE:GPH - Get Free Report) shares were down 20.2% during mid-day trading on Thursday . The company traded as low as C$1.44 and last traded at C$1.62. Approximately 1,717,677 shares traded hands during mid-day 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 shares of Graphite One and gave the stock a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$2.85.

Graphite One Trading Down 20.2%

The firm has a market cap of C$260.91 million, a P/E ratio of -27.00 and a beta of 1.40. The stock has a 50 day simple moving average of C$0.95 and a 200-day simple moving average of C$0.88. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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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