Focus Graphite Inc. (CVE:FMS – Get Free Report) shares shot up 32.1% during trading on Saturday . The stock traded as high as C$0.39 and last traded at C$0.35. 866,567 shares changed hands during trading, an increase of 594% from the average session volume of 124,828 shares. The stock had previously closed at C$0.27.
Focus Graphite Price Performance
The firm’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.11. The firm has a market capitalization of C$29.41 million, a price-to-earnings ratio of -11.43 and a beta of 2.71.
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.
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