Graphite One (CVE:GPH) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Graphite One Inc. (CVE:GPH) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.29 and traded as high as C$2.36. Graphite One shares last traded at C$2.34, with a volume of 261,515 shares traded.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.85 price objective on shares of Graphite One and gave the stock a “buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$2.85.

Graphite One Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 0.33. The firm has a market capitalization of C$424.75 million, a PE ratio of -39.00 and a beta of 1.61. The business’s 50 day moving average is C$1.82 and its two-hundred day moving average is C$1.29.

About Graphite One

Graphite One Inc operates as mineral exploration company in the United States. The company holds interest in the Graphite Creek property that consists of 135 mining claims located on the Seward Peninsula, Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in February 2019. Graphite One Inc was incorporated in 2006 and is headquartered in Vancouver, Canada.