Focus Graphite (CVE:FMS) Hits New 52-Week Low – Here’s Why

Focus Graphite Inc. (CVE:FMS) reached a new 52-week low on Monday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 6800 shares trading hands. The stock had previously closed at C$0.08.

Focus Graphite Stock Performance

The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of 6.84. The stock has a market capitalization of C$5.31 million, a price-to-earnings ratio of -3.75 and a beta of 2.71. The stock’s 50 day moving average is C$0.09 and its 200 day moving average is C$0.11.

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.