Focus Graphite (CVE:FMS) Given a C$2.03 Price Target at Fundamental Research

Fundamental Research set a C$2.03 price target on Focus Graphite (CVE:FMS) in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Focus Graphite Stock Performance

CVE FMS opened at C$0.45 on Friday. Focus Graphite has a one year low of C$0.08 and a one year high of C$0.76. The company’s 50 day moving average price is C$0.38 and its 200 day moving average price is C$0.40. The firm has a market capitalization of C$48.17 million, a price-to-earnings ratio of -14.83 and a beta of 0.35.

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. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.