Focus Graphite (CVE:FMS) Given a C$2.03 Price Target at Fundamental Research

Focus Graphite (CVE:FMS) received a C$2.03 price objective from analysts at Fundamental Research in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 366.67% from the company’s current price.

Focus Graphite Stock Up 4.8%

FMS stock traded up C$0.02 during midday trading on Friday, hitting C$0.44. The company’s stock had a trading volume of 80,711 shares, compared to its average volume of 197,665. The stock’s 50-day moving average price is C$0.37 and its 200 day moving average price is C$0.40. Focus Graphite has a 1 year low of C$0.08 and a 1 year high of C$0.76. The stock has a market cap of C$47.09 million, a price-to-earnings ratio of -14.50 and a beta of 0.35.

Focus Graphite Company Profile

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.