Shares of Graphano Energy Ltd. (CVE:GEL – Get Free Report) rose 35.7% on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 237,470 shares were traded during mid-day trading, an increase of 190% from the average daily volume of 81,833 shares. The stock had previously closed at C$0.07.
Graphano Energy Stock Performance
The stock has a market capitalization of C$1.62 million, a P/E ratio of -1.36 and a beta of -0.42. The company has a quick ratio of 18.29, a current ratio of 7.10 and a debt-to-equity ratio of 14.79. The stock has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.08.
About Graphano Energy
Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. The company holds a 100% interest in the Lac Aux Bouleaux Graphite property located in Quebec; and Dudley and Lac Vert-Bouthillier graphite project. It also holds an option agreement to acquire 100% interest in the Standard Graphite Mine.
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