Focus Graphite (CVE:FMS) Shares Cross Above 200-Day Moving Average – Time to Sell?

Focus Graphite Inc. (CVE:FMSGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.25 and traded as high as C$0.58. Focus Graphite shares last traded at C$0.58, with a volume of 43,292 shares trading hands.

Focus Graphite Stock Up 1.8%

The firm has a 50 day moving average of C$0.44 and a 200-day moving average of C$0.25. The company has a market cap of C$55.20 million, a P/E ratio of -19.33 and a beta of 4.12.

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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