Pure Egy Minrls (OTCMKTS:PEMIF – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 18,528 shares, a drop of 44.3% from the May 31st total of 33,258 shares. Based on an average daily volume of 67,538 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Pure Egy Minrls Stock Up 18.4%
Shares of PEMIF opened at $0.17 on Friday. Pure Egy Minrls has a fifty-two week low of $0.10 and a fifty-two week high of $0.50. The firm’s 50 day moving average price is $0.20 and its 200 day moving average price is $0.23.
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.
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