Focus Graphite (CVE:FMS) Stock Passes Above 200 Day Moving Average – What’s Next?

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.21 and traded as high as C$0.60. Focus Graphite shares last traded at C$0.60, with a volume of 141,337 shares traded.

Focus Graphite Stock Performance

The company has a market capitalization of C$56.62 million, a price-to-earnings ratio of -19.83 and a beta of 4.09. The company has a 50-day moving average price of C$0.38 and a 200-day moving average price of C$0.21.

About Focus Graphite

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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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