Focus Graphite (CVE:FMS) Shares Up 13.3% – What’s Next?

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) shot up 13.3% on Thursday . The stock traded as high as C$0.51 and last traded at C$0.51. 242,915 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 339,083 shares. The stock had previously closed at C$0.45.

Focus Graphite Stock Performance

The stock has a market cap of C$53.26 million, a PE ratio of -17.00 and a beta of 0.24. The firm’s 50-day moving average is C$0.44 and its 200 day moving average is C$0.34.

Focus Graphite Company Profile

(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. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.

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