Focus Graphite (CVE:FMS) Trading 26.7% Higher – Still a Buy?

Focus Graphite Inc. (CVE:FMS) was up 26.7% during mid-day trading on Tuesday . The company traded as high as C$0.38 and last traded at C$0.38. Approximately 278,095 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 137,193 shares. The stock had previously closed at C$0.30.

Focus Graphite Stock Up 26.7%

The company has a market capitalization of C$31.93 million, a P/E ratio of -12.41 and a beta of 2.71. The company’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.12.

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.