Graphano Energy Ltd. (CVE:GEL – Get Free Report) shares dropped 16.3% during trading on Saturday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 101,705 shares changed 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 Trading Down 16.3%
The company has a market cap of C$3.09 million, a price-to-earnings ratio of -5.45 and a beta of -0.02. The stock has a 50 day moving average price of C$0.18 and a two-hundred day moving average price of C$0.12.
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.
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