Graphano Energy (CVE:GEL) Reaches New 1-Year Low – Here’s Why

Graphano Energy Ltd. (CVE:GEL – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 27,000 shares traded. The stock had previously closed at C$0.07.

Graphano Energy Stock Down 14.3%

The company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.12. The firm has a market cap of C$1.30 million, a PE ratio of -1.18 and a beta of -0.35.

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. The company was incorporated in 2020 and is based in Toronto, Canada.

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