Focus Graphite (CVE:FMS) Stock Price Down 16% – Should You Sell?

Focus Graphite Inc. (CVE:FMS) traded down 16% on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. 287,005 shares changed hands during mid-day trading, an increase of 501% from the average session volume of 47,744 shares. The stock had previously closed at C$0.13.

Focus Graphite Stock Performance

The stock has a market capitalization of C$6.56 million, a P/E ratio of -5.25 and a beta of 2.71. The stock 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 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.