Shares of Focus Graphite Inc. (CVE:FMS – Get 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
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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