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Graphite One (CVE:GPH) Shares Up 16.9% - Should You Buy?

Graphite One logo with Basic Materials background

Graphite One Inc. (CVE:GPH - Get Free Report)'s share price was up 16.9% during trading on Thursday . The company traded as high as C$0.85 and last traded at C$0.83. Approximately 322,015 shares changed hands during trading, an increase of 335% from the average daily volume of 73,998 shares. The stock had previously closed at C$0.71.

Graphite One Stock Performance

The business has a 50 day moving average of C$0.77 and a 200 day moving average of C$0.85. The company has a market capitalization of C$101.25 million, a P/E ratio of -14.38 and a beta of 1.02. The company has a quick ratio of 0.33, a current ratio of 1.09 and a debt-to-equity ratio of 0.02.

Graphite One Company Profile

(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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