Focus Graphite (CVE:FMS) Shares Up 14.6% – Still a Buy?

Focus Graphite Inc. (CVE:FMS) shot up 14.6% on Monday . The stock traded as high as C$0.54 and last traded at C$0.51. 325,396 shares were traded during trading, an increase of 65% from the average session volume of 197,495 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.03 price target on Focus Graphite and gave the company a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Focus Graphite has a consensus rating of “Buy” and a consensus target price of C$2.03.

Focus Graphite Price Performance

The company has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.40. The firm has a market capitalization of C$51.96 million, a P/E ratio of -16.00 and a beta of 0.35.

About Focus Graphite

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. The company was formerly known as Focus Metals Inc and changed its name to Focus Graphite Inc in May 2012.