Focus Graphite Inc. (CVE:FMS – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.39 and traded as high as C$0.46. Focus Graphite shares last traded at C$0.44, with a volume of 65,757 shares.
Wall Street Analyst Weigh In
Separately, Fundamental Research set a C$2.03 target price on shares of Focus Graphite and gave the company a “buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$2.03.
Check Out Our Latest Stock Analysis on FMS
Focus Graphite Price Performance
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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