Focus Graphite Inc. (OTCMKTS:FCSMF – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 19,958 shares, an increase of 344.5% from the July 30th total of 4,490 shares. Based on an average daily volume of 10,402 shares, the days-to-cover ratio is presently 1.9 days.
Focus Graphite Trading Up 0.2%
Shares of Focus Graphite stock opened at $0.33 on Friday. Focus Graphite has a 1 year low of $0.20 and a 1 year high of $0.54. The firm’s 50-day moving average is $0.28 and its 200 day moving average is $0.28.
About Focus Graphite
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.
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