Focus Graphite (CVE:FMS) Trading Up 13.3% – Here’s Why

Focus Graphite Inc. (CVE:FMSGet Free Report) traded up 13.3% during trading on Thursday . The company traded as high as C$0.51 and last traded at C$0.51. 242,915 shares changed hands during trading, a decline of 28% from the average session volume of 339,083 shares. The stock had previously closed at C$0.45.

Focus Graphite Stock Performance

The business’s 50 day moving average price is C$0.44 and its 200-day moving average price is C$0.34. The firm has a market cap of C$51.18 million, a price-to-earnings ratio of -16.33 and a beta of 0.24.

Focus Graphite Company Profile

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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. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.

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