Focus Graphite (CVE:FMS) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Focus Graphite Inc. (CVE:FMSGet Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.11 and traded as low as C$0.08. Focus Graphite shares last traded at C$0.08, with a volume of 10,100 shares traded.

Focus Graphite Stock Down 11.1 %

The stock has a market cap of C$5.00 million, a price-to-earnings ratio of -4.00 and a beta of 2.71. 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 firm’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.11.

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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