Peruvian Metals Corp (OTCMKTS:DUVNF) Sees Large Drop in Short Interest

Peruvian Metals Corp (OTCMKTS:DUVNF) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 7,324 shares, a drop of 90.3% from the April 15th total of 75,264 shares. Based on an average daily volume of 94,817 shares, the days-to-cover ratio is presently 0.1 days.

Peruvian Metals Price Performance

OTCMKTS:DUVNF remained flat at $0.22 during mid-day trading on Wednesday. 150,025 shares of the company traded hands, compared to its average volume of 109,231. Peruvian Metals has a 52-week low of $0.01 and a 52-week high of $0.24. The company has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.08.

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.