Focus Graphite (CVE:FMS) Stock Passes Below 200-Day Moving Average – Time to Sell?

Focus Graphite Inc. (CVE:FMS) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.39 and traded as low as C$0.38. Focus Graphite shares last traded at C$0.38, with a volume of 282,132 shares trading hands.

Focus Graphite Stock Down 2.6%

The stock has a 50 day moving average of C$0.41 and a 200 day moving average of C$0.39. The firm has a market cap of C$41.14 million, a price-to-earnings ratio of -12.67 and a beta of 0.33.

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.