Focus Graphite Inc. (OTCMKTS:FCSMF – Get Rating) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 93,100 shares, a drop of 38.3% from the December 31st total of 150,900 shares. Based on an average daily trading volume, of 65,500 shares, the short-interest ratio is presently 1.4 days.
Focus Graphite Price Performance
FCSMF traded down $0.03 during midday trading on Friday, reaching $0.37. 20,927 shares of the company were exchanged, compared to its average volume of 53,674. The stock's 50-day simple moving average is $0.32 and its 200 day simple moving average is $0.21. Focus Graphite has a one year low of $0.07 and a one year high of $0.77.
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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 property is the Lac Knife property in which it holds 100% interests that consists of 57 claims covering an area of 29,863 hectares located in the Côte Nord region of Québec.See Also
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