Graphite One Resources Inc (CVE:GPH) was down 18.2% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 690,000 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 431,284 shares. The stock had previously closed at C$0.06.

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About Graphite One Resources (CVE:GPH)

Graphite One Resources Inc engages in the acquisition, exploration, and evaluation of graphitic mineral properties in the United States. Its principal project is the Graphite Creek property that consists of 176 mining claims totaling 9,583 hectares located on the Seward Peninsula of Alaska. The company was formerly known as Cedar Mountain Exploration Inc and changed its name to Graphite One Resources Inc in March 2012.

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