GraphiteBlog Week-in-Review: Rainbow Resources and Focus Graphite Rise for the Week

GraphiteBlog Week-in-ReviewLast week, the average change in share price of GraphiteBlog sponsors (between close of market on Monday, August 13, 2012 and close of market on Friday, August 17, 2012) was nearly flat, down 4.38%. Share price increase leaders had no news, but both Rainbow Resources Inc. (TSXV: RBW) (+13.95%) and Focus Graphite Inc. (TSXV: FMS) (+3.03%) were up this week.

Did you read Super Hard “New” Carbon by Graeme Irvine (August 17, 2012)? He writes, “Open up another new chapter in our new Carbon Age. We end the week with a most interesting new form of carbon created hard enough to indent diamond.” You want more, read here.

As my new regular baseline for the graphite market, we will measure one of the largest wholesale suppliers of fine-grain and high-purity graphite and a top overall producer of carbon and graphite products in China, China Carbon Graphite Group Inc. (OTCQB: CHGI). Last week (August 15, 2012) they announced their second quarter results and compared to Q2 results from 2011, revenue has decreased by 2.2%; net income has decreased by 1.3%; and gross profit has increased by 7.6%. China Carbon Graphite’s share price also decreased last week by 4.44%.

The only client news last week was Standard Graphite Corp. (TSXV: SGH) announcing the closing of a non-brokered private placement for $787,500 receiving approval from the TSX Venture Exchange. The proceeds of this financing will be used for additional exploration at their Quebec and Ontario properties (read more).

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Our weekly share price chart for GraphiteBlog sponsors is as follows:

  2012-08-20 GB share price

*Historical share prices taken from BigCharts.com on 2012-08-20.

Disclaimers: All companies listed in the above chart are GraphiteBlog sponsors.


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This entry was posted in Graphite & Graphene Intel and tagged , , , , by Tracy Weslosky. Bookmark the permalink.
Tracy Weslosky

About Tracy Weslosky

Tracy Weslosky is the Publisher and Editor-in-Chief of InvestorIntel, a leading global investment intelligence source created for the innovative and entrepreneurial minded. Tracy is also the Founder & CEO for ProEdge Media Corp., an online publishing and media production company since 2001; and is the Managing Partner for 724 Capital Corp., a business consulting firm. Previously she has owned a boutique Investment Banking firm for 7 years that was the basis for a business reality television series called, DealFlow. Aired around the world for 3 years on CNBC World, WealthTV and many other networks globally; Tracy is a speaker, writer and an entrepreneur.

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