Focus Graphite (CVE:FMS) Shares Up 13.8% – Time to Buy?

Focus Graphite Inc. (CVE:FMSGet Free Report) shares shot up 13.8% on Tuesday . The company traded as high as C$0.76 and last traded at C$0.66. 620,027 shares traded hands during mid-day trading, an increase of 332% from the average session volume of 143,436 shares. The stock had previously closed at C$0.58.

Focus Graphite Price Performance

The stock has a market capitalization of C$62.81 million, a PE ratio of -22.00 and a beta of 4.09. The stock’s 50 day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.23.

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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