Focus Graphite (CVE:FMS) Trading Up 10% – Here’s Why

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price traded up 10% during trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.11. 134,000 shares changed hands during trading, an increase of 327% from the average session volume of 31,375 shares. The stock had previously closed at C$0.10.

Focus Graphite Stock Down 16.0 %

The stock has a market capitalization of C$6.56 million, a P/E ratio of -5.25 and a beta of 2.71. The business has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.10. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.

About Focus Graphite

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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.

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