Shares of Focus Graphite Inc (CVE:FMS) shot up 16.7% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 65,000 shares changed hands during trading, a decline of 77% from the average session volume of 284,430 shares. The stock had previously closed at C$0.03.
The stock has a market cap of $11.22 million and a P/E ratio of -5.83. The company has a current ratio of 0.43, a quick ratio of 0.37 and a debt-to-equity ratio of 0.19.
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Focus Graphite Company Profile (CVE:FMS)
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 principal property is the Lac Knife graphite deposit that consists of 57 claims covering an area of 2,986.31 hectares located in the Côte-Nord region of Québec.
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