Shares of Graphite One Resources (GPH.V), the holder of 165 contiguous mineral claims totaling 7,317 hectares on America’s largest reported graphite deposit (Graphite Creek, Alaska), have been breaking out on heavy volume in the last couple of weeks:
The breakout above .10 has taken place on enormous volume which adds weight to the significance of the price action. The next area of major resistance is up near .25 and .10 now becomes support.
It’s clear that the graphite space is heating up and investors are beginning to notice that the company with the largest graphite deposit in the Americas has barely more than a C$20 million market cap.
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