Graphite One (CVE:GPH) Trading Up 23.5% - Here's Why

Key Points

• Graphite One Inc. shares surged by 23.5% during mid-day trading, reaching a high of C$1.44 before closing at C$1.42.
• The trading volume increased significantly to approximately 1,643,106 shares, marking a 1,030% rise compared to the average daily volume.
• Graphite One, with a market cap of C$228.70 million, operates in mineral exploration and holds the Graphite Creek property in Alaska.

Shares of Graphite One Inc. (CVE:GPH - ) were up 23.5% during mid-day trading on Wednesday . The company traded as high as C$1.44 and last traded at C$1.42. Approximately 1,643,106 shares traded hands during mid-day trading, an increase of 1,030% from the average daily volume of 145,406 shares. The stock had previously closed at C$1.15.

Graphite One Price Performance

The company has a market cap of C$228.70 million, a PE ratio of -23.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.09. The stock has a 50 day moving average of C$0.87 and a 200-day moving average of C$0.85.

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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