Graphite One (CVE:GPH) Stock Price Down 12.2% – Should You Sell?

Graphite One Inc. (CVE:GPH)’s share price was down 12.2% during trading on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.66. Approximately 520,943 shares changed hands during trading, an increase of 31% from the average daily volume of 396,905 shares. The stock had previously closed at C$1.89.

Analyst Ratings Changes

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

Graphite One Trading Down 14.8%

The firm has a market cap of C$292.24 million, a price-to-earnings ratio of -26.83 and a beta of 1.73. The firm’s 50-day moving average is C$1.96 and its 200-day moving average is C$1.40. The company has a current ratio of 1.09, a quick ratio of 0.33 and a debt-to-equity ratio of 0.02.

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.