Focus Graphite (CVE:FMS) Trading Up 20% – Still a Buy?

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) rose 20% during trading on Tuesday . The stock traded as high as C$0.42 and last traded at C$0.42. Approximately 1,312,934 shares traded hands during mid-day trading, an increase of 705% from the average daily volume of 163,053 shares. The stock had previously closed at C$0.35.

Focus Graphite Stock Performance

The company has a market capitalization of C$43.34 million, a price-to-earnings ratio of -13.83 and a beta of 0.61. The company has a fifty day simple moving average of C$0.47 and a two-hundred day simple moving average of C$0.32.

About Focus Graphite

(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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