Focus Graphite (CVE:FMS) Shares Down 18.4% – Should You Sell?

by · The Cerbat Gem

Focus Graphite Inc. (CVE:FMS – Get Free Report) shares fell 18.4% during trading on Friday . The company traded as low as C$0.37 and last traded at C$0.40. 1,242,463 shares changed hands during trading, an increase of 722% from the average session volume of 151,200 shares. The stock had previously closed at C$0.49.

Focus Graphite Trading Down 18.4%

The stock has a market capitalization of C$38.07 million, a P/E ratio of -13.33 and a beta of 4.12. The business has a fifty day simple moving average of C$0.46 and a 200 day simple moving average of C$0.27.

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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