Focus Graphite (CVE:FMS) Shares Up 12.8% – Here’s Why

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price traded up 12.8% during trading on Thursday . The stock traded as high as C$0.39 and last traded at C$0.38. 252,532 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 153,347 shares. The stock had previously closed at C$0.34.

Focus Graphite Stock Performance

The firm has a market cap of C$36.55 million, a price-to-earnings ratio of -11.67 and a beta of 0.61. The company has a 50 day moving average price of C$0.48 and a 200 day moving average price of C$0.30.

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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