Focus Graphite (CVE:FMS) Shares Up 13.8% – What’s Next?

Focus Graphite Inc. (CVE:FMSGet Free Report)’s stock price shot up 13.8% during trading on Monday . The company traded as high as C$0.76 and last traded at C$0.66. 620,027 shares were traded during mid-day trading, an increase of 332% from the average session volume of 143,436 shares. The stock had previously closed at C$0.58.

Focus Graphite Price Performance

The firm has a market capitalization of C$62.81 million, a price-to-earnings ratio of -22.00 and a beta of 4.09. The business’s fifty day simple moving average is C$0.40 and its 200 day simple moving average is C$0.23.

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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