SRG Graphite (SRG) Trading 26.9% Higher

SRG Graphite Inc (CVE:SRG) shares traded up 26.9% on Friday . The company traded as high as C$1.05 and last traded at C$0.99. 125,125 shares traded hands during mid-day trading, an increase of 254% from the average session volume of 35,346 shares. The stock had previously closed at C$0.78.

Separately, National Bank Financial decreased their price target on SRG Graphite from C$2.35 to C$1.65 and set an “outperform” rating for the company in a research note on Thursday, December 13th.

The company has a debt-to-equity ratio of 1.28, a quick ratio of 5.39 and a current ratio of 5.51.

SRG Graphite (CVE:SRG) last issued its earnings results on Friday, November 23rd. The company reported C($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01). On average, research analysts anticipate that SRG Graphite Inc will post -0.039999995555556 EPS for the current year.

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SRG Graphite Company Profile (CVE:SRG)

SRG Graphite Inc engages in the mineral exploration and development business in Africa. It holds 100% interests in Lola graphite and cobalt-nickel-scandium Gogota projects located in the Republic of Guinea, West Africa. The company was formerly known as Sama Graphite Inc and changed its name to SRG Graphite Inc in June 2017.

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