Focus Graphite Inc. (CVE:FMS – Get Free Report) shares shot up 27% during trading on Thursday . The company traded as high as C$0.26 and last traded at C$0.24. 471,904 shares were traded during trading, an increase of 297% from the average session volume of 118,991 shares. The stock had previously closed at C$0.19.
Focus Graphite Trading Up 27.0%
The business’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.11. The stock has a market cap of C$19.75 million, a price-to-earnings ratio of -7.67 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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