Focus Graphite (CVE:FMS) Trading 26.7% Higher – Here’s Why

Focus Graphite Inc. (CVE:FMSGet Free Report) traded up 26.7% during trading on Wednesday . The stock traded as high as C$0.38 and last traded at C$0.38. 278,095 shares changed hands during trading, an increase of 103% from the average session volume of 137,193 shares. The stock had previously closed at C$0.30.

Focus Graphite Price Performance

The firm has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.12. The stock has a market capitalization of C$31.93 million, a price-to-earnings ratio of -12.41 and a beta of 2.71.

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.

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