Focus Graphite (CVE:FMS) Trading Up 17.6% - Here's What Happened

Key Points

• Focus Graphite Inc. experienced a stock price increase of 17.6%, trading at C$0.60 during mid-day trading, significantly higher than its previous close of C$0.51.
• The trading volume rose by 84% to 248,715 shares, compared to an average volume of 135,486 shares.
• The company holds a 100% interest in its flagship Lac Knife property, which spans over 3,248 hectares in Québec, focusing on the exploration and development of various mineral deposits.

Focus Graphite Inc. (CVE:FMS - )'s stock price shot up 17.6% during mid-day trading on Friday . The company traded as high as C$0.60 and last traded at C$0.60. 248,715 shares were traded during trading, an increase of 84% from the average session volume of 135,486 shares. The stock had previously closed at C$0.51.

Focus Graphite Trading Up 21.6%

The business has a 50-day moving average price of C$0.30 and a two-hundred day moving average price of C$0.17. The stock has a market capitalization of C$59.00 million, a P/E ratio of -20.67 and a beta of 4.09.

Focus Graphite Company Profile

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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