Pure Egy Minrls (OTCMKTS:PEMIF) Sees Significant Increase in Short Interest

Pure Egy Minrls (OTCMKTS:PEMIF) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 32,551 shares, a growth of 1,054.7% from the July 30th total of 2,819 shares. Based on an average daily volume of 28,993 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are short sold.

Pure Egy Minrls Price Performance

OTCMKTS:PEMIF remained flat at $0.18 during midday trading on Wednesday. 6,468 shares of the company were exchanged, compared to its average volume of 17,760. The business has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.22. Pure Egy Minrls has a 52 week low of $0.10 and a 52 week high of $0.50.

About Pure Egy Minrls

Pure Energy Minerals Ltd. is a mineral exploration and development company focused on lithium brine resources essential for lithium-ion battery production. Headquartered in Vancouver, British Columbia, Pure Energy concentrates its efforts on advancing the Clayton Valley South project in Nevada, a region known for its high-grade lithium deposits. The company’s primary business activity is the exploration, evaluation and development of its flagship brine project, targeting commercially viable lithium extraction for the electric vehicle and energy storage markets.

The Clayton Valley South project encompasses over 800 acres of permitted exploration acreage adjacent to established lithium producers.