Graphano Energy (CVE:GEL) Shares Up 35.7% – Should You Buy?

Shares of Graphano Energy Ltd. (CVE:GEL) shot up 35.7% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 237,470 shares traded 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 Stock Performance

The stock has a market cap of C$1.71 million, a PE ratio of -1.43 and a beta of -0.42. The company has a debt-to-equity ratio of 14.79, a current ratio of 7.10 and a quick ratio of 18.29. The stock has a 50-day simple moving average of C$0.07 and a 200-day simple moving average of 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.