Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Significant Decline in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,490 shares, a drop of 96.3% from the July 15th total of 121,170 shares. Based on an average daily trading volume, of 83,810 shares, the days-to-cover ratio is currently 0.1 days.

Focus Graphite Stock Performance

FCSMF stock traded up $0.00 during trading on Tuesday, hitting $0.29. The company had a trading volume of 28,000 shares, compared to its average volume of 45,321. The firm has a 50-day moving average price of $0.28 and a 200-day moving average price of $0.28. Focus Graphite has a 1-year low of $0.13 and a 1-year high of $0.54.

Focus Graphite Company Profile

Focus Graphite Inc (OTCMKTS:FCSMF) is a mineral exploration and development company headquartered in Montreal, Quebec. The company is primarily focused on advancing its flagship Lac Knife flake graphite project in the Gaspésie region of eastern Quebec. Lac Knife hosts a near-surface deposit of high‐quality graphite, and Focus Graphite holds 100% interest in the property. The company’s efforts are centered on resource delineation, environmental permitting and moving the project through feasibility-level studies.

To support project advancement, Focus Graphite has completed technical studies, including a preliminary economic assessment, metallurgical testing and engineering evaluations.