Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) fell 16% on Saturday . The company traded as low as C$0.11 and last traded at C$0.11. 287,005 shares traded hands during 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 Trading Down 16.0 %
The firm’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10. The company has a market capitalization of C$6.56 million, a PE 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.
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