Focus Graphite (CVE:FMS) Stock Price Up 30% – Should You Buy?

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) were up 30% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.13. Approximately 330,665 shares traded hands during mid-day trading, an increase of 255% from the average daily volume of 93,113 shares. The stock had previously closed at C$0.10.

Focus Graphite Price Performance

The stock has a market cap of C$13.03 million, a P/E ratio of -5.06 and a beta of 2.71. The stock’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.09.

Insiders Place Their Bets

In related news, Director Jeffrey York sold 1,000,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of C$0.10, for a total transaction of C$100,000.00. Corporate insiders own 9.06% of the company’s stock.

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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