Pure Egy Minrls (OTCMKTS:PEMIF) Short Interest Up 1,054.7% in August

Pure Egy Minrls (OTCMKTS:PEMIF) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 32,551 shares, an increase of 1,054.7% from the July 30th total of 2,819 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 28,993 shares, the days-to-cover ratio is presently 1.1 days.

Pure Egy Minrls Stock Performance

Shares of PEMIF remained flat at $0.18 during mid-day trading on Thursday. The stock had a trading volume of 149,694 shares, compared to its average volume of 18,065. 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 $0.16 and its 200 day moving average price is $0.22.

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.