Focus Graphite (CVE:FMS) Given a C$2.03 Price Target at Fundamental Research

Focus Graphite (CVE:FMS) has been given a C$2.03 target price by equities researchers at Fundamental Research in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 366.67% from the company’s previous close.

Focus Graphite Trading Up 4.8%

Shares of CVE:FMS traded up C$0.02 during mid-day trading on Friday, hitting C$0.44. 80,711 shares of the company traded hands, compared to its average volume of 197,665. The stock has a market cap of C$47.09 million, a P/E ratio of -14.50 and a beta of 0.35. Focus Graphite has a 12-month low of C$0.08 and a 12-month high of C$0.76. The stock has a 50-day moving average price of C$0.37 and a two-hundred day moving average price of 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.