Graphite One (CVE:GPH) Shares Up 26.7%

Graphite One Inc (CVE:GPH) shares shot up 26.7% during mid-day trading on Thursday . The company traded as high as C$0.19 and last traded at C$0.19, 144,665 shares changed hands during trading. An increase of 737% from the average session volume of 17,287 shares. The stock had previously closed at C$0.15.

The stock’s 50-day moving average is C$0.23 and its 200-day moving average is C$0.23. The stock has a market cap of $7.31 million and a price-to-earnings ratio of -4.32. The company has a current ratio of 5.21, a quick ratio of 3.76 and a debt-to-equity ratio of 4.24.

Graphite One Company Profile (CVE:GPH)

Graphite One Inc engages in the acquisition, exploration, and evaluation of graphitic mineral properties in the United States. Its principal project is the Graphite Creek property that consists of 176 mining claims totaling 9,583 hectares located on the Seward Peninsula of Alaska. The company was formerly known as Graphite One Resources Inc and changed its name to Graphite One Inc in March 2019.

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