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

Focus Graphite Inc. (CVE:FMSGet Free Report)’s stock price traded down 16% on Saturday . The company traded as low as C$0.11 and last traded at C$0.11. 287,005 shares were traded 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 company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84. The company’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.10. The company has a market cap of C$6.56 million, a P/E ratio of -5.25 and a beta of 2.71.

Focus Graphite Company Profile

(Get Free Report)

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.

Further Reading

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