Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) traded down 16% on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. 287,005 shares traded 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 Trading Down 16.0 %
The firm has a 50 day moving average price of C$0.09 and a two-hundred day moving average price 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. The company has a market cap of C$6.56 million, a price-to-earnings ratio of -5.25 and a beta of 2.71.
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.
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