Graphano Energy (CVE:GEL) Stock Price Up 23.3% – Still a Buy?

Graphano Energy Ltd. (CVE:GEL)’s share price rose 23.3% during mid-day trading on Saturday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 164,244 shares were traded during mid-day trading, an increase of 409% from the average daily volume of 32,272 shares. The stock had previously closed at C$0.15.

Graphano Energy Stock Up 23.3%

The stock has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.09. The firm has a market capitalization of C$3.18 million, a P/E ratio of -2.56 and a beta of -0.42.

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.