Focus Graphite (CVE:FMS) Stock Price Down 9.1% – Here’s Why

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) fell 9.1% during trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. 128,548 shares changed hands during trading, an increase of 106% from the average session volume of 62,377 shares. The stock had previously closed at C$0.11.

Focus Graphite Price Performance

The company has a market capitalization of C$8.40 million, a price-to-earnings ratio of -3.27 and a beta of 2.71. The firm’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.10.

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.

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