Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) dropped 20.4% on Friday . The company traded as low as C$0.38 and last traded at C$0.39. Approximately 924,413 shares changed hands during trading, an increase of 518% from the average daily volume of 149,600 shares. The stock had previously closed at C$0.49.
Focus Graphite Stock Down 20.0%
The stock has a market capitalization of C$37.30 million, a price-to-earnings ratio of -13.07 and a beta of 4.12. The firm has a 50-day moving average of C$0.46 and a two-hundred day moving average of C$0.27.
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.
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