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