Focus Graphite (CVE:FMS) Shares Up 20% – Still a Buy?

Focus Graphite Inc. (CVE:FMSGet Free Report)’s share price rose 20% on Monday . The company traded as high as C$0.43 and last traded at C$0.42. Approximately 221,390 shares were traded during trading, an increase of 39% from the average daily volume of 158,832 shares. The stock had previously closed at C$0.35.

Focus Graphite Trading Up 11.4%

The stock has a market capitalization of C$40.73 million, a P/E ratio of -13.00 and a beta of 0.61. The company has a 50-day moving average price of C$0.48 and a two-hundred day moving average price of C$0.31.

About Focus Graphite

(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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