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

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price dropped 18.4% during trading on Saturday . The company traded as low as C$0.37 and last traded at C$0.40. Approximately 1,242,463 shares changed hands during mid-day trading, an increase of 722% from the average daily volume of 151,200 shares. The stock had previously closed at C$0.49.

Focus Graphite Price Performance

The firm 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 50 day moving average price of C$0.46 and a 200 day moving average price 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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