Graphano Energy (CVE:GEL) Shares Up 23.3% – Should You Buy?

Shares of Graphano Energy Ltd. (CVE:GEL) shot up 23.3% on Saturday . The stock traded as high as C$0.19 and last traded at C$0.19. 164,244 shares were traded during trading, an increase of 409% from the average session volume of 32,272 shares. The stock had previously closed at C$0.15.

Graphano Energy Stock Performance

The firm has a market capitalization of C$3.18 million, a price-to-earnings ratio of -2.56 and a beta of -0.42. The company has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.09.

Graphano Energy Company Profile

Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine.