Focus Graphite (CVE:FMS) Stock Price Up 15% – Should You Buy?

Focus Graphite Inc. (CVE:FMSGet Free Report)’s stock price shot up 15% on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. 154,000 shares traded hands during mid-day trading, an increase of 357% from the average session volume of 33,680 shares. The stock had previously closed at C$0.10.

Focus Graphite Stock Performance

The company has a market capitalization of C$6.87 million, a PE ratio of -5.50 and a beta of 2.71. The company has a debt-to-equity ratio of 6.84, a current ratio of 0.09 and a quick ratio of 0.74. The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.10.

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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