Graphano Energy (CVE:GEL) Trading 35.7% Higher – Should You Buy?

Graphano Energy Ltd. (CVE:GEL – Get Free Report)’s stock price shot up 35.7% on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 237,470 shares changed hands during 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 Price Performance

The company has a debt-to-equity ratio of 14.79, a quick ratio of 18.29 and a current ratio of 7.10. The firm has a market cap of C$1.71 million, a price-to-earnings ratio of -1.43 and a beta of -0.42. The company’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.08.

About Graphano Energy

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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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