Focus Graphite (CVE:FMS) Reaches New 1-Year Low – What’s Next?

Shares of Focus Graphite Inc. (CVE:FMSGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 2100 shares trading hands. The stock had previously closed at C$0.09.

Focus Graphite Price Performance

The firm has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.13. The company has a market cap of C$5.00 million, a PE ratio of -4.25 and a beta of 2.71. The company has a quick ratio of 0.74, a current ratio of 0.09 and a debt-to-equity ratio of 6.84.

About Focus Graphite

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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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