Focus Graphite (CVE:FMS) Shares Down 16% – Should You Sell?

Focus Graphite Inc. (CVE:FMS)’s share price was down 16% on Saturday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 287,005 shares changed hands during trading, an increase of 501% from the average daily volume of 47,744 shares. The stock had previously closed at C$0.13.

Focus Graphite Trading Down 16.0 %

The firm has a fifty day moving average of C$0.09 and a 200-day moving average of C$0.10. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.74 and a current ratio of 0.09. The stock has a market capitalization of C$6.56 million, a price-to-earnings ratio of -5.25 and a beta of 2.71.

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.