Graphano Energy (CVE:GEL) Trading Up 35.7% – What’s Next?

Graphano Energy Ltd. (CVE:GEL) shares traded up 35.7% on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 237,470 shares traded hands during mid-day trading, an increase of 190% from the average session volume of 81,833 shares. The stock had previously closed at C$0.07.

Graphano Energy Stock Up 35.7 %

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 firm has a market capitalization of C$1.62 million, a PE ratio of -1.36 and a beta of -0.42. The business’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.08.

Graphano Energy Company Profile

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.