Terra Metals Limited (OTCMKTS:PNGZF) Short Interest Down 56.1% in May

Terra Metals Limited (OTCMKTS:PNGZF) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 34,674 shares, a decline of 56.1% from the May 14th total of 78,930 shares. Based on an average daily volume of 1,089 shares, the days-to-cover ratio is currently 31.8 days.

Terra Metals Stock Performance

Shares of PNGZF stock remained flat at $0.26 on Monday. Terra Metals has a fifty-two week low of $0.13 and a fifty-two week high of $0.34. The stock’s 50 day moving average price is $0.26 and its 200-day moving average price is $0.21.

About Terra Metals

Terra Metals Limited engages in mineral exploration and development activities in Australia. The company explores in gold, copper, nickel, and platinum group elements. Its flagship project is the 100% owned Dante project located to the West Musgrave region of Western Australia. The company was formerly known as GCX Metals Limited and changed its name to Terra Metals Limited in April 2024. Terra Metals Limited was incorporated in 2012 and is based in Perth, Australia.