Focus Graphite (CVE:FMS) Trading Up 13.3% – What’s Next?

Focus Graphite Inc. (CVE:FMSGet Free Report) rose 13.3% on Thursday . The company traded as high as C$0.54 and last traded at C$0.51. Approximately 1,044,419 shares traded hands during trading, an increase of 123% from the average daily volume of 467,580 shares. The stock had previously closed at C$0.45.

Focus Graphite Stock Performance

The business has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.34. The firm has a market capitalization of C$54.31 million, a price-to-earnings ratio of -17.33 and a beta of 0.24.

About Focus Graphite

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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. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.

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