Graphano Energy (CVE:GEL) Trading Up 23.3% – Here’s What Happened

Graphano Energy Ltd. (CVE:GELGet Free Report)’s share price shot up 23.3% during trading on Saturday . The company 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 Price Performance

The business has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.09. The firm has a market cap of C$3.18 million, a price-to-earnings ratio of -2.56 and a beta of -0.42.

About Graphano Energy

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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.

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