Focus Graphite Inc. (CVE:FMS – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.40 and traded as low as C$0.36. Focus Graphite shares last traded at C$0.38, with a volume of 122,353 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$2.03 price objective on Focus Graphite and gave the company a “buy” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Focus Graphite currently has a consensus rating of “Buy” and a consensus price target of C$2.03.
Focus Graphite Trading Down 2.6%
About Focus Graphite
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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