Graphano Energy (CVE:GEL) Stock Price Up 20% – Here’s What Happened

Graphano Energy Ltd. (CVE:GELGet Free Report)’s stock price rose 20% during trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 121,286 shares changed hands during mid-day trading, an increase of 276% from the average daily volume of 32,220 shares. The stock had previously closed at C$0.15.

Graphano Energy Price Performance

The stock has a market capitalization of C$3.90 million, a P/E ratio of -3.91 and a beta of -0.29. The company’s 50 day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.18.

About Graphano Energy

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Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine. The company was incorporated in 2020 and is based in Toronto, Canada.

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