Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) were up 15% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 154,000 shares changed hands during trading, an increase of 357% from the average daily volume of 33,680 shares. The stock had previously closed at C$0.10.
Focus Graphite Price Performance
The stock’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.10. The stock has a market cap of C$6.87 million, a price-to-earnings ratio of -5.50 and a beta of 2.71. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.
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.
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