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

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

Focus Graphite Stock Down 2.5%

Shares of Focus Graphite stock traded down $0.01 during trading on Wednesday, reaching $0.23. 104,000 shares of the company were exchanged, compared to its average volume of 46,038. The business has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.29. Focus Graphite has a twelve month low of $0.09 and a twelve 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.