Frist Graphene (OTCMKTS:FGPHF) (ASX:FGR) Stock gains Momentum: But Why?

In the past week, Frist Graphene (OTCMKTS:FGPHF) (ASX:FGR) has been on the radars of investors in a big way and has managed to deliver gains of as much as 13% to its investors. In light of such gains, it may be a good time for investors to consider taking a closer look into it and then figure out a course of action.

Market Action

On Friday, FGPHF stock moved up 0.25% to $0.1590 with 137K shares, compared to its average volume of 91K shares. The stock has moved within a range of $0.1404 – 0.1596 after opening trade at $0.1560.

Recent News

This morning the company made a major announcement that could bring it into further focus among investors this week. First Graphene announced the conclusions from a study that had been conducted by the University of Woollongong on the enhancing properties of concrete and mortar, when deployed in corrosive water environments.

The study concluded that significant improvement in sulphate resistance occurred when PureGRAPH had been used repair mortar and structural concrete systems.

As it happens, the study went on to state that PureGRAPH was a superior product when compared to its alternatives. So, it is clear to see that the announcement was a significant one for First Graphene and it now remains to be seen if it can lead to further traction in the stock this morning or not. It may be a good move to add it to your watch lists.

Key Quote

First Graphene Managing Director and CEO Michael Bell said: “These are encouraging results demonstrating graphene-enhanced mortar and concrete systems can potentially be used in applications requiring serious durability such as wastewater treatment infrastructure and structures exposed to seawater. This development further justifies our focus in cement and concrete systems and compliments the CO2-reducing capability of PureGRAPH® in this segment. We look forward to continuing the development of graphenebased products with the University of Wollongong and key industry partners.”

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