Focus Graphite (CVE:FMS) Trading 27% Higher – Still a Buy?

Focus Graphite Inc. (CVE:FMSGet Free Report) shot up 27% during mid-day trading on Thursday . The stock traded as high as C$0.26 and last traded at C$0.24. 471,904 shares traded hands during trading, an increase of 297% from the average session volume of 118,991 shares. The stock had previously closed at C$0.19.

Focus Graphite Stock Performance

The company has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.11. The company has a market cap of C$19.75 million, a price-to-earnings ratio of -7.67 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.

Further Reading

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