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

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

Focus Graphite Trading Down 1.8%

FCSMF traded down $0.01 during mid-day trading on Thursday, hitting $0.29. The stock had a trading volume of 23,830 shares, compared to its average volume of 42,366. The stock’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.28. Focus Graphite has a 1-year low of $0.20 and a 1-year 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.