Focus Graphite (CVE:FMS) Stock Price Up 9.5% – Here’s Why

Focus Graphite Inc. (CVE:FMS)’s share price traded up 9.5% during mid-day trading on Tuesday . The stock traded as high as C$0.46 and last traded at C$0.46. 479,864 shares changed hands during trading, an increase of 143% from the average session volume of 197,789 shares. The stock had previously closed at C$0.42.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.27 target price on Focus Graphite and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Focus Graphite presently has a consensus rating of “Buy” and a consensus price target of C$1.27.

Focus Graphite Stock Performance

The company has a market capitalization of C$48.17 million, a price-to-earnings ratio of -14.83 and a beta of 0.35. The company has a 50-day moving average price of C$0.37 and a 200-day moving average price of C$0.40.

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.