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Graphite One (CVE:GPH) Stock Price Up 16.9% - Still a Buy?

Graphite One logo with Basic Materials background

Graphite One Inc. (CVE:GPH - Get Free Report) rose 16.9% during mid-day trading on Thursday . The company traded as high as C$0.85 and last traded at C$0.83. Approximately 322,015 shares traded hands during mid-day 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 Trading Up 11.8%

The business's fifty day moving average is C$0.77 and its 200-day moving average is C$0.85. The firm has a market cap of C$96.19 million, a P/E ratio of -13.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09.

Graphite One Company Profile

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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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