Graphite One (CVE:GPH) Trading Down 18.8% – Here’s What Happened

Graphite One Inc. (CVE:GPH) was down 18.8% during mid-day trading on Friday . The stock traded as low as C$0.89 and last traded at C$0.91. Approximately 620,440 shares were traded during trading, an increase of 639% from the average daily volume of 83,920 shares. The stock had previously closed at C$1.12.

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The company’s fifty day simple moving average is C$0.80 and its two-hundred day simple moving average is C$0.86. The stock has a market cap of C$92.14 million, a price-to-earnings ratio of -13.09 and a beta of 1.02.

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.