Focus Graphite (CVE:FMS) Stock Price Up 9.5% – Here’s Why

Shares of Focus Graphite Inc. (CVE:FMS) rose 9.5% during trading on Tuesday . The company traded as high as C$0.46 and last traded at C$0.46. Approximately 479,864 shares traded hands during mid-day trading, an increase of 143% from the average daily volume of 197,789 shares. The stock had previously closed at C$0.42.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.27 price objective on Focus Graphite and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$1.27.

Focus Graphite Price Performance

The stock has a market capitalization of C$48.17 million, a price-to-earnings ratio of -14.83 and a beta of 0.35. The stock has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.40.

Focus Graphite Company Profile

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.