Focus Graphite Inc. (OTCMKTS:FCSMF) Sees Large Decline in Short Interest

Focus Graphite Inc. (OTCMKTS:FCSMF) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a drop of 79.3% from the May 31st total of 20,300 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.2 days.

Focus Graphite Price Performance

OTCMKTS FCSMF remained flat at $0.09 on Thursday. The company’s stock had a trading volume of 6,058 shares, compared to its average volume of 13,832. The company has a fifty day moving average price of $0.10 and a 200-day moving average price of $0.12. Focus Graphite has a 12-month low of $0.08 and a 12-month high of $0.25.

Focus Graphite Company Profile

Focus Graphite Inc, an exploration stage company, acquires, explores, and develops mineral properties in Quebec, Canada. The company explores for graphite, iron, copper, rare-earth elements, and gold deposits. Its flagship project is the Lac Knife property in which it holds 100% interests that consists of 62 claims covering an area of 3,248.18 hectares located in the Côte Nord region of Québec.