Focus Graphite Inc. (CVE:FMS – Get Free Report) dropped 16% during mid-day trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 287,005 shares traded hands during mid-day trading, an increase of 501% from the average daily volume of 47,744 shares. The stock had previously closed at C$0.13.
Focus Graphite Stock Performance
The firm’s fifty day moving average price is C$0.09 and its 200-day moving average price is C$0.10. The company has a market cap of C$6.56 million, a P/E ratio of -5.25 and a beta of 2.71. The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of 6.84.
About Focus Graphite
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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