Short Interest in Prime Mining Corp. (OTCMKTS:PRMNF) Drops By 18.4%

Prime Mining Corp. (OTCMKTS:PRMNF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 596,700 shares, a drop of 18.4% from the December 31st total of 731,500 shares. Based on an average trading volume of 33,800 shares, the short-interest ratio is presently 17.7 days.

Prime Mining Price Performance

OTCMKTS PRMNF traded up $0.05 during trading on Thursday, hitting $1.16. 12,773 shares of the company traded hands, compared to its average volume of 12,626. The business has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $1.20. Prime Mining has a 12 month low of $0.83 and a 12 month high of $1.89.

Prime Mining Company Profile

Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company explores for gold and silver deposits. It primarily holds a 100% interest in the Los Reyes project that consists of 37 contiguous concessions covering an area of 6,273 hectares located in Sinaloa, Mexico.