Focus Graphite (CVE:FMS) Shares Climb 1.5% – Still a Buy?

Focus Graphite Inc. (CVE:FMS) shot up 1.5% during trading on Thursday. The company traded as high as C$0.34 and last traded at C$0.34. 25,565 shares changed hands during trading, a decline of 81% from the average daily volume of 133,080 shares. The stock had previously closed at C$0.34.

Focus Graphite Price Performance

The stock has a market cap of C$37.66 million, a P/E ratio of -6.80 and a beta of 0.35. The company has a fifty day moving average of C$0.39 and a 200 day moving average of C$0.39.

Focus Graphite Company Profile

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.