Focus Graphite (CVE:FMS) Stock Price Down 20%

Focus Graphite Inc (CVE:FMS) traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, 173,000 shares changed hands during mid-day trading. A decline of 32% from the average session volume of 253,081 shares. The stock had previously closed at C$0.03.

The firm’s 50-day moving average price is C$0.03. The company has a market cap of $11.22 million and a price-to-earnings ratio of -4.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.31 and a current ratio of 0.34.

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.

Further Reading: What is the return on assets (ROA) ratio?

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