Graphite One (CVE:GPH) Shares Down 18.8% – Time to Sell?

Graphite One Inc. (CVE:GPHGet Free Report)’s stock price traded down 18.8% during mid-day trading on Friday . The company traded as low as C$0.89 and last traded at C$0.91. 620,440 shares traded hands during trading, an increase of 639% from the average session volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Price Performance

The business has a 50-day moving average of C$0.80 and a 200-day moving average of C$0.86. 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$92.14 million, a price-to-earnings ratio of -13.09 and a beta of 1.02.

Graphite One Company Profile

(Get Free Report)

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.

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