Focus Graphite Inc. (CVE:FMS – Get Free Report) shares dropped 16% during mid-day trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 287,005 shares traded hands during trading, an increase of 501% from the average daily volume of 47,744 shares. The stock had previously closed at C$0.13.
Focus Graphite Trading Down 16.0 %
The firm 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’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.10. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.
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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