Focus Graphite (CVE:FMS) Shares Up 14.6% – Still a Buy?

Focus Graphite Inc. (CVE:FMS)’s share price traded up 14.6% on Monday . The company traded as high as C$0.54 and last traded at C$0.51. 325,396 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 197,495 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.03 price objective on shares of Focus Graphite and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$2.03.

Focus Graphite Stock Performance

The stock has a market capitalization of C$53.05 million, a price-to-earnings ratio of -16.33 and a beta of 0.35. The company’s 50 day moving average is C$0.38 and its 200 day moving average is 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.