Fundamental Research Increases Graphite One (CVE:GPH) Price Target to C$2.04

Graphite One (CVE:GPH) had its price target upped by equities researchers at Fundamental Research from C$0.52 to C$2.04 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price objective suggests a potential upside of 43.66% from the stock’s current price.

Shares of Graphite One stock traded up C$0.02 during midday trading on Thursday, reaching C$1.42. The company had a trading volume of 7,611 shares, compared to its average volume of 162,843. The stock has a fifty day moving average price of C$1.46 and a 200 day moving average price of C$0.82. The company has a debt-to-equity ratio of 48.17, a current ratio of 0.20 and a quick ratio of 0.07. The firm has a market cap of C$87.58 million and a PE ratio of -24.91. Graphite One has a fifty-two week low of C$0.20 and a fifty-two week high of C$2.40.

About Graphite One

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 covering an area of 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 February 2019.

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