Graphano Energy (CVE:GEL) Shares Down 16.3% – Should You Sell?

Graphano Energy Ltd. (CVE:GELGet Free Report) was down 16.3% on Saturday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 101,705 shares traded hands during trading, an increase of 135% from the average daily volume of 43,246 shares. The stock had previously closed at C$0.22.

Graphano Energy Price Performance

The company has a market capitalization of C$3.09 million, a PE ratio of -5.45 and a beta of -0.02. The company has a 50-day moving average of C$0.18 and a two-hundred day moving average of C$0.12.

Graphano Energy Company Profile

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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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