Graphite One (CVE:GPH) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Graphite One Inc. (CVE:GPH) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.77 and traded as low as C$0.67. Graphite One shares last traded at C$0.67, with a volume of 58,242 shares traded.

Graphite One Price Performance

The firm has a market capitalization of C$95.62 million, a price-to-earnings ratio of -9.86 and a beta of 1.02. The company’s 50 day moving average is C$0.75 and its 200 day moving average is C$0.77. The company has a quick ratio of 0.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.05.

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.