Focus Graphite (CVE:FMS) Stock Price Up 15% – Time to Buy?

Focus Graphite Inc. (CVE:FMS) shares rose 15% during trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 154,000 shares traded hands during mid-day trading, an increase of 357% from the average daily volume of 33,680 shares. The stock had previously closed at C$0.10.

Focus Graphite Stock Down 16.0 %

The company has a 50 day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.10. The company has a market capitalization of C$6.56 million, a P/E ratio of -5.25 and a beta of 2.71. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.

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.