Pure Egy Minrls (OTCMKTS:PEMIF) Short Interest Down 44.3% in June

Pure Egy Minrls (OTCMKTS:PEMIF) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 18,528 shares, a drop of 44.3% from the May 31st total of 33,258 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 67,538 shares, the short-interest ratio is presently 0.3 days.

Pure Egy Minrls Stock Performance

OTCMKTS PEMIF traded up $0.02 on Thursday, reaching $0.17. The stock had a trading volume of 1,500 shares, compared to its average volume of 23,562. The firm has a fifty day moving average of $0.20 and a two-hundred day moving average of $0.23. Pure Egy Minrls has a 1-year low of $0.10 and a 1-year high of $0.50.

Pure Egy Minrls Company Profile

Pure Energy Minerals Ltd. is a mineral exploration and development company focused on lithium brine resources essential for lithium-ion battery production. Headquartered in Vancouver, British Columbia, Pure Energy concentrates its efforts on advancing the Clayton Valley South project in Nevada, a region known for its high-grade lithium deposits. The company’s primary business activity is the exploration, evaluation and development of its flagship brine project, targeting commercially viable lithium extraction for the electric vehicle and energy storage markets.

The Clayton Valley South project encompasses over 800 acres of permitted exploration acreage adjacent to established lithium producers.