Focus Graphite (CVE:FMS) Hits New 12-Month Low – Should You Sell?

Focus Graphite Inc. (CVE:FMSGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company 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 firm has a 50 day moving average price of C$0.09 and a 200 day moving average price of C$0.11. The stock has a market cap of C$5.31 million, a PE ratio of -3.75 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

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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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