Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) were up 10% on Thursday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 204,240 shares traded hands during mid-day trading, an increase of 469% from the average daily volume of 35,886 shares. The stock had previously closed at C$0.10.
Focus Graphite Stock Performance
The stock has a market cap of C$6.56 million, a price-to-earnings ratio of -5.25 and a beta of 2.71. The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of 6.84. The firm has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10.
About Focus Graphite
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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