Graphano Energy (CVE:GEL) Hits New 52-Week Low – Here’s Why

Graphano Energy Ltd. (CVE:GEL) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.09 and last traded at C$0.07, with a volume of 92550 shares traded. The stock had previously closed at C$0.09.

Graphano Energy Stock Performance

The company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.08. 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 capitalization of C$1.20 million, a P/E ratio of -1.00 and a beta of -0.42.

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.