Focus Graphite (CVE:FMS) Stock Price Up 15.5% – Here’s Why

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) traded up 15.5% on Monday . The stock traded as high as C$0.76 and last traded at C$0.67. 606,877 shares changed hands during trading, an increase of 323% from the average session volume of 143,362 shares. The stock had previously closed at C$0.58.

Focus Graphite Trading Up 13.8%

The firm’s fifty day moving average price is C$0.40 and its 200-day moving average price is C$0.23. The firm has a market cap of C$62.81 million, a price-to-earnings ratio of -22.00 and a beta of 4.09.

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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