Graphite One (CVE:GPH) Shares Pass Below 200 Day Moving Average – Here’s Why

Graphite One Inc. (CVE:GPH) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.52 and traded as low as C$1.20. Graphite One shares last traded at C$1.20, with a volume of 150,193 shares.

Graphite One Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.42 and a quick ratio of 0.33. The firm has a market capitalization of C$250.12 million, a P/E ratio of -20.00 and a beta of 1.26. The stock’s 50 day moving average is C$1.40 and its two-hundred day moving average is C$1.52.

Graphite One Company Profile

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.