Euro Manganese Inc. (OTCMKTS:EUMNF – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 9,053 shares, a drop of 84.7% from the June 15th total of 59,023 shares. Based on an average daily volume of 19,487 shares, the days-to-cover ratio is presently 0.5 days.
Euro Manganese Price Performance
OTCMKTS:EUMNF traded down $0.00 on Friday, reaching $0.06. The stock had a trading volume of 500 shares, compared to its average volume of 42,758. The firm’s fifty day moving average is $0.08 and its two-hundred day moving average is $0.12. Euro Manganese has a 12-month low of $0.06 and a 12-month high of $0.33.
Euro Manganese Company Profile
Euro Manganese Inc is a Canada-based company focused on the development of the Chvaletice Manganese Project, located approximately 60 kilometers east of Prague in the Czech Republic. The project aims to repurpose historic tailings from a former pyrite mine into high-purity manganese products for the rapidly growing lithium-ion battery market. Using a proprietary hydrometallurgical process, Euro Manganese plans to extract and refine manganese from these tailings, reducing environmental footprint compared to traditional hard-rock mining methods.
The company’s principal product is high-purity manganese sulfate monohydrate (HPMSM), a critical precursor for cathode manufacturing in electric vehicle (EV) batteries and energy storage systems.
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