Manganese X Energy Corp. (OTCMKTS:MNXXF) Sees Significant Drop in Short Interest

Manganese X Energy Corp. (OTCMKTS:MNXXFGet Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 6,884 shares, a decrease of 77.6% from the June 30th total of 30,784 shares. Based on an average trading volume of 192,581 shares, the days-to-cover ratio is presently 0.0 days.

Manganese X Energy Trading Down 3.0%

Shares of MNXXF stock opened at $0.07 on Friday. The firm has a 50-day moving average of $0.08 and a 200-day moving average of $0.09. Manganese X Energy has a one year low of $0.03 and a one year high of $0.13.

Manganese X Energy Company Profile

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Manganese X Energy (OTCMKTS: MNXXF) is a mineral exploration and development company dedicated to advancing manganese projects for the battery and electric-vehicle markets. The company’s core focus is on identifying, acquiring and de-risking high-purity manganese deposits through systematic exploration, metallurgical testing and pilot-scale processing. By targeting manganese—a critical component in lithium-ion battery cathodes—Manganese X Energy aims to contribute to the growing demand for sustainable energy storage materials.

Through its technical programs, the company evaluates both hard-rock and oxide manganese occurrences, applying hydrometallurgical flowsheets to produce battery-grade manganese sulfate and other refined products.

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