Graphite One (CVE:GPH) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Graphite One Inc. (CVE:GPH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.29 and traded as high as C$2.36. Graphite One shares last traded at C$2.34, with a volume of 261,515 shares trading hands.

Analysts Set New Price Targets

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, According to MarketBeat.com, Graphite One presently has an average rating of “Buy” and a consensus target price of C$2.85.

Graphite One Price Performance

The firm’s 50 day moving average is C$1.82 and its 200 day moving average is C$1.29. The firm has a market cap of C$424.75 million, a P/E ratio of -39.00 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33.

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.