Shares of Focus Graphite Inc. (CVE:FMS – Get Free Report) dropped 16% during mid-day trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 287,005 shares were traded 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 Trading Down 16.0 %
The firm 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 current ratio of 0.09 and a quick ratio of 0.74. The firm’s fifty day moving average is C$0.09 and its 200-day moving average is C$0.10.
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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