Focus Graphite (CVE:FMS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Focus Graphite Inc. (CVE:FMSGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.09 and traded as low as C$0.08. Focus Graphite shares last traded at C$0.08, with a volume of 111,000 shares.

Focus Graphite Stock Performance

The stock has a market cap of C$6.72 million, a PE ratio of -2.61 and a beta of 2.71. The firm has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.09.

Insider Buying and Selling at Focus Graphite

In other Focus Graphite news, Director Jeffrey York sold 1,000,000 shares of Focus Graphite stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of C$0.10, for a total value of C$100,000.00. 9.06% of the stock is owned by company insiders.

About Focus Graphite

(Get Free Report)

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.

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