Pure Egy Minrls (OTCMKTS:PEMIF) Sees Large Drop in Short Interest

Pure Egy Minrls (OTCMKTS:PEMIF) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 12,508 shares, a decline of 35.3% from the June 30th total of 19,341 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 14,732 shares, the short-interest ratio is presently 0.8 days.

Pure Egy Minrls Price Performance

OTCMKTS:PEMIF opened at $0.15 on Friday. Pure Egy Minrls has a 12 month low of $0.10 and a 12 month high of $0.50. The business’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.22.

Pure Egy Minrls Company Profile

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.