Pure Egy Minrls (OTCMKTS:PEMIF) Stock Short Interest Drops 89.7%

Pure Egy Minrls (OTCMKTS:PEMIF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,315 shares, a drop of 89.7% from the August 31st total of 41,904 shares. Based on an average trading volume of 27,994 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Pure Egy Minrls Price Performance

Shares of OTCMKTS:PEMIF opened at $0.19 on Friday. Pure Egy Minrls has a 1-year low of $0.11 and a 1-year high of $0.50. The business’s 50 day moving average is $0.17 and its 200-day moving average is $0.21.

Pure Egy Minrls Company Profile

Pure Energy Minerals Ltd. is a mineral exploration and development company focused on lithium projects in the United States. Its primary asset is the Clayton Valley Lithium Project in Nevada, an area known for lithium-bearing brine deposits and existing lithium production infrastructure.

The company’s activities have included acquiring mineral rights, conducting geological and geophysical studies, drilling, and evaluating lithium extraction and processing opportunities. Pure Energy Minerals has also pursued technologies designed to recover lithium from brine, including direct lithium extraction approaches, with the goal of advancing its projects toward potential development.

Pure Energy Minerals has historically worked with strategic and technical partners to assess its Nevada properties and related lithium opportunities.