Focus Graphite (CVE:FMS) Shares Up 13.8% – What’s Next?

Focus Graphite Inc. (CVE:FMS) shot up 13.8% during mid-day trading on Monday . The company traded as high as C$0.76 and last traded at C$0.66. 620,027 shares were traded during trading, an increase of 332% from the average session volume of 143,436 shares. The stock had previously closed at C$0.58.

Focus Graphite Price Performance

The stock has a market capitalization of C$62.81 million, a price-to-earnings ratio of -22.00 and a beta of 4.09. The business’s fifty day moving average price is C$0.40 and its 200-day moving average price is C$0.23.

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.