Focus Graphite (CVE:FMS) Trading Up 25.5% - What's Next?

Key Points

• Focus Graphite Inc. (CVE:FMS) saw its share price surge by 25.5%, reaching a high of C$0.69 before closing at C$0.64 on Friday.
• The trading volume increased significantly, with approximately 544,746 shares changing hands, a 297% rise from its average daily volume.
• Focus Graphite is an exploration stage company specializing in acquiring and developing mineral properties in Quebec, with its flagship project located at the Lac Knife property.

Focus Graphite Inc. (CVE:FMS - )'s share price was up 25.5% during trading on Friday . The stock traded as high as C$0.69 and last traded at C$0.64. Approximately 544,746 shares changed hands during trading, an increase of 297% from the average daily volume of 137,281 shares. The stock had previously closed at C$0.51.

Focus Graphite Trading Up 17.6%

The company's 50-day simple moving average is C$0.30 and its 200 day simple moving average is C$0.17. The stock has a market cap of C$57.10 million, a P/E ratio of -20.00 and a beta of 4.09.

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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