Focus Graphite (CVE:FMS) Trading 13.8% Higher – Here’s Why

Focus Graphite Inc. (CVE:FMSGet Free Report)’s stock price rose 13.8% during trading on Tuesday . The company traded as high as C$0.76 and last traded at C$0.66. Approximately 620,027 shares changed hands during trading, an increase of 332% from the average daily volume of 143,436 shares. The stock had previously closed at C$0.58.

Focus Graphite Stock Performance

The business has a fifty day simple moving average of C$0.41 and a 200 day simple moving average of C$0.23. The stock has a market cap of C$62.81 million, a price-to-earnings ratio of -22.00 and a beta of 4.09.

Focus Graphite Company Profile

(Get Free Report)

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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