Focus Graphite (CVE:FMS) Trading 15.5% Higher – Here’s Why

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) rose 15.5% on Monday . The company traded as high as C$0.76 and last traded at C$0.67. Approximately 606,877 shares changed hands during trading, an increase of 323% from the average daily volume of 143,362 shares. The stock had previously closed at C$0.58.

Focus Graphite Stock Up 13.8%

The stock has a fifty day moving average of C$0.40 and a two-hundred day moving average of C$0.23. The stock has a market cap of C$62.81 million, a price-to-earnings ratio of -22.00 and a beta of 4.09.

Focus Graphite Company Profile

(Get Free Report)

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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