Focus Graphite (CVE:FMS) Trading Up 10% – Time to Buy?

Focus Graphite Inc. (CVE:FMSGet Free Report) was up 10% on Wednesday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 134,000 shares traded hands during mid-day trading, an increase of 327% from the average daily volume of 31,375 shares. The stock had previously closed at C$0.10.

Focus Graphite Stock Performance

The company has a market capitalization of C$7.18 million, a PE ratio of -5.75 and a beta of 2.71. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.74 and a current ratio of 0.09. The company has a 50 day moving average price of C$0.08 and a 200 day moving average price 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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