Graphite One (CVE:GPH) Shares Down 4.8% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s share price was down 4.8% on Wednesday . The stock traded as low as C$1.54 and last traded at C$1.57. Approximately 428,051 shares were traded during trading, an increase of 5% from the average daily volume of 409,273 shares. The stock had previously closed at C$1.65.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.85 target price on Graphite One and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$2.85.

Graphite One Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02. The stock has a market cap of C$299.50 million, a P/E ratio of -27.50 and a beta of 1.73. The business’s fifty day simple moving average is C$1.97 and its 200 day simple moving average is C$1.40.

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