Short Interest in Peruvian Metals Corp (OTCMKTS:DUVNF) Rises By 261.6%

Peruvian Metals Corp (OTCMKTS:DUVNF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 111,700 shares, an increase of 261.6% from the June 15th total of 30,887 shares. Based on an average trading volume of 121,762 shares, the days-to-cover ratio is currently 0.9 days.

Peruvian Metals Price Performance

OTCMKTS DUVNF traded up $0.00 on Friday, reaching $0.14. 6,000 shares of the stock were exchanged, compared to its average volume of 104,511. Peruvian Metals has a one year low of $0.01 and a one year high of $0.24. The company’s 50-day simple moving average is $0.16 and its two-hundred day simple moving average is $0.12.

Peruvian Metals Company Profile

Peruvian Metals Corp is a Canada-based mineral exploration company focused on the acquisition, exploration and development of copper, gold, silver and molybdenum porphyry projects in Peru. The company holds three principal projects—Breapampa, Huacrón and Parihuanca—located in the southern highlands of Peru, each of which lies within proven mining districts and exhibits evidence of porphyry-style mineralization. Peruvian Metals employs systematic mapping, surface sampling and geophysical surveys to define drill targets and advance its projects toward resource delineation.

The Breapampa and Huacrón projects are being advanced under a joint‐venture agreement with a major international mining group, whereby Peruvian Metals can earn up to a 70% interest through staged exploration expenditures and work commitments.