Focus Graphite (CVE:FMS) Stock Price Up 30% – Should You Buy?

Shares of Focus Graphite Inc. (CVE:FMS) shot up 30% on Friday . The company traded as high as C$0.15 and last traded at C$0.13. 330,665 shares traded hands during trading, an increase of 255% from the average session volume of 93,113 shares. The stock had previously closed at C$0.10.

Focus Graphite Stock Up 30.0%

The stock has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.09. The stock has a market cap of C$10.92 million, a price-to-earnings ratio of -4.24 and a beta of 2.71.

Insider Transactions at Focus Graphite

In related news, Director Jeffrey York sold 1,000,000 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 9.06% of the company’s stock.

Focus Graphite Company Profile

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.