Short Interest in Focus Graphite Inc. (OTCMKTS:FCSMF) Drops By 47.0%

Focus Graphite Inc. (OTCMKTS:FCSMF) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 121,170 shares, a drop of 47.0% from the June 30th total of 228,820 shares. Based on an average daily trading volume, of 7,093 shares, the days-to-cover ratio is presently 17.1 days.

Focus Graphite Stock Performance

Shares of OTCMKTS:FCSMF opened at $0.23 on Thursday. The business has a fifty day moving average of $0.29 and a two-hundred day moving average of $0.29. Focus Graphite has a 52-week low of $0.09 and a 52-week 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.