Patriot Battery Metals Inc. (OTCMKTS:PMETF) Sees Significant Increase in Short Interest

Patriot Battery Metals Inc. (OTCMKTS:PMETF) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,444,502 shares, an increase of 69.0% from the April 30th total of 854,902 shares. Based on an average trading volume of 56,341 shares, the days-to-cover ratio is currently 25.6 days.

Patriot Battery Metals Trading Down 1.6%

Shares of Patriot Battery Metals stock opened at C$5.24 on Wednesday. The firm has a fifty day moving average of C$4.16 and a two-hundred day moving average of C$3.99. Patriot Battery Metals has a 52 week low of C$1.40 and a 52 week high of C$5.93.

Patriot Battery Metals Company Profile

Patriot Battery Metals Inc is a mineral exploration and development company focused on the discovery and advancement of battery‐grade lithium deposits in North America. The company’s flagship asset is the 100%‐owned Corvette Lithium Project, located near Chibougamau in the James Bay region of Quebec, Canada. Through ongoing exploration programs, Patriot Battery Metals aims to define and expand high‐grade lithium‐cesium‐tantalum (LCT) pegmatite mineralization that could supply critical raw materials to the growing electric vehicle and energy storage sectors.

The Corvette Lithium Project comprises several contiguous properties spanning over 10,000 hectares, including the North and South zones where extensive field work has identified multiple pegmatite swarms.