Short Interest in Focus Graphite Inc. (OTCMKTS:FCSMF) Expands By 924.6%

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 204,490 shares, a growth of 924.6% from the August 15th total of 19,958 shares. Based on an average daily trading volume, of 43,915 shares, the short-interest ratio is currently 4.7 days.

Focus Graphite Stock Down 1.8%

Shares of Focus Graphite stock traded down $0.01 on Thursday, hitting $0.29. The company had a trading volume of 23,830 shares, compared to its average volume of 42,366. Focus Graphite has a twelve month low of $0.20 and a twelve month high of $0.54. The stock has a 50-day moving average of $0.28 and a 200-day moving average of $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.