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

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

Focus Graphite Stock Performance

Shares of FCSMF stock traded up $0.00 during mid-day trading on Tuesday, hitting $0.29. 28,000 shares of the stock were exchanged, compared to its average volume of 45,321. The stock’s fifty day simple moving average is $0.28 and its two-hundred day simple moving average is $0.28. Focus Graphite has a 12-month low of $0.13 and a 12-month 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.