Focus Graphite (CVE:FMS) Shares Down 16% – Time to Sell?

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price traded down 16% during trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. 287,005 shares were traded during trading, an increase of 501% from the average session volume of 47,744 shares. The stock had previously closed at C$0.13.

Focus Graphite Stock Performance

The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10. The company has a market cap of C$6.56 million, a price-to-earnings ratio of -5.25 and a beta of 2.71. The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of 6.84.

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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