Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) dropped 13.3% on Friday . The stock traded as low as C$0.38 and last traded at C$0.43. Approximately 764,163 shares traded hands during mid-day trading, an increase of 413% from the average daily volume of 149,015 shares. The stock had previously closed at C$0.49.
Focus Graphite Stock Down 12.2%
The company’s 50-day moving average is C$0.46 and its two-hundred day moving average is C$0.27. The company has a market capitalization of C$40.92 million, a P/E ratio of -14.33 and a beta of 4.12.
Focus Graphite Company Profile
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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