Graphite One (CVE:GPH) Hits New 1-Year High – Still a Buy?

Graphite One Inc. (CVE:GPH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.54 and last traded at C$2.48, with a volume of 619749 shares traded. The stock had previously closed at C$2.30.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the company a “buy” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The company has a 50 day moving average of C$1.89 and a 200 day moving average of C$1.33. 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 market capitalization of C$424.75 million, a price-to-earnings ratio of -39.00 and a beta of 1.61.

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. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.