Pure Egy Minrls (OTCMKTS:PEMIF) Sees Large Drop in Short Interest

Pure Egy Minrls (OTCMKTS:PEMIF) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 785 shares, a drop of 79.0% from the September 30th total of 3,735 shares. Based on an average daily trading volume, of 8,602 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Pure Egy Minrls Trading Up 10.0%

PEMIF stock opened at $0.15 on Tuesday. The firm has a 50 day moving average of $0.18 and a 200-day moving average of $0.21. Pure Egy Minrls has a 12-month low of $0.11 and a 12-month high of $0.50.

About Pure Egy Minrls

Pure Energy Minerals Ltd. is a mineral exploration and development company focused on lithium resources. The company’s activities center on identifying and evaluating lithium-bearing brines and advancing projects that could support future lithium production.

Pure Energy Minerals has historically focused on the Clayton Valley Lithium Project in Esmeralda County, Nevada. The project is located in a region with established lithium brine production and is being evaluated through exploration, geological studies and technical work intended to assess the size and quality of its lithium resources.

The company’s principal focus is the development of its mineral properties rather than the sale of commercial products or services.