Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.40 and traded as high as C$0.43. Focus Graphite shares last traded at C$0.42, with a volume of 194,569 shares traded.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$1.27 price target on shares of Focus Graphite and gave the stock a “buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$1.27.
Check Out Our Latest Research Report on Focus Graphite
Focus Graphite Stock Up 7.7%
About Focus Graphite
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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