Focus Graphite (CVE:FMS) Stock Price Down 16% – Here’s What Happened

Focus Graphite Inc. (CVE:FMSGet Free Report) shares traded down 16% during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. 287,005 shares changed 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 Stock Performance

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. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.74 and a current ratio of 0.09. The company has a fifty day moving average of C$0.09 and a two-hundred day moving average of 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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