Graphite One (CVE:GPH) Trading Up 21.7% - Should You Buy?

Key Points

• Graphite One Inc. shares rose 21.7%, reaching a trading price of C$1.68, with a substantial increase in trading volume of 787% compared to the average.
• The company's current debt-to-equity ratio is low at 0.02, indicating strong financial stability amidst a market cap of C$257.69 million.
• Graphite One operates mainly in mineral exploration, specifically holding the Graphite Creek property in Alaska, which consists of 135 mining claims.

Graphite One Inc. (CVE:GPH - ) shares traded up 21.7% during trading on Thursday . The company traded as high as C$1.68 and last traded at C$1.68. 1,393,403 shares changed hands during trading, an increase of 787% from the average session volume of 157,117 shares. The stock had previously closed at C$1.38.

Graphite One Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The stock has a fifty day moving average of C$0.90 and a 200 day moving average of C$0.86. The stock has a market cap of C$257.69 million, a price-to-earnings ratio of -26.67 and a beta of 1.40.

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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