Focus Graphite (CVE:FMS) Shares Down 18.4% – What’s Next?

by · The Markets Daily

Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) fell 18.4% during trading on Saturday . 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 Stock Performance

The stock’s 50 day moving average is C$0.46 and its 200 day moving average is C$0.27. The company has a market capitalization of C$38.07 million, a PE ratio of -13.33 and a beta of 4.12.

About Focus Graphite

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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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