Graphite One (CVE:GPH) Trading Up 23.5% - Still a Buy?

Key Points

• Graphite One Inc. (CVE:GPH) saw a significant stock price increase of 23.5%, reaching C$1.42, with a trading volume surge of 1,030% compared to its average daily volume.
• The company's market cap stands at C$228.70 million, and it exhibits a debt-to-equity ratio of 0.02, suggesting low leverage.
• Graphite One operates in the mineral exploration sector, holding interests in the Graphite Creek property in Alaska, formerly known as Graphite One Resources Inc.

Graphite One Inc. (CVE:GPH - )'s share price was up 23.5% on Wednesday . The stock 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 Stock Up 23.5%

The business's 50 day simple moving average is C$0.87 and its 200-day simple moving average is C$0.85. 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 company has a market cap of C$228.70 million, a price-to-earnings ratio of -23.67 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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