Focus Graphite (CVE:FMS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Focus Graphite Inc. (CVE:FMS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.10 and traded as low as C$0.09. Focus Graphite shares last traded at C$0.09, with a volume of 36,978 shares changing hands.

Focus Graphite Stock Up 5.6 %

The company has a current ratio of 0.09, a quick ratio of 0.74 and a debt-to-equity ratio of 6.84. The business’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.10. The company has a market capitalization of C$5.93 million, a P/E ratio of -4.75 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.