Focus Graphite Inc. (CVE:FMS – Get Free Report)’s share price dropped 16% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 287,005 shares were traded during mid-day trading, an increase of 501% from the average daily volume of 47,744 shares. The stock had previously closed at C$0.13.
Focus Graphite Price Performance
The firm has a market capitalization of C$6.56 million, a price-to-earnings ratio of -5.25 and a beta of 2.71. The company’s 50 day moving average is C$0.09 and its 200 day moving average is C$0.10. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.
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.
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