Focus Graphite (CVE:FMS) Stock Price Down 20%

Shares of Focus Graphite Inc (CVE:FMS) traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 1,057,000 shares changed hands during trading, an increase of 421% from the average session volume of 202,781 shares. The stock had previously closed at C$0.03.

The company’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.02. The stock has a market capitalization of $11.22 million and a PE ratio of -1.82. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 11.17.

About Focus Graphite (CVE:FMS)

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 principal property is the Lac Knife graphite deposit that consists of 57 claims covering an area of 2,986.31 hectares located in the Côte-Nord region of Québec.

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