Leading Edge Materials Corp. (OTCMKTS:LEMIF) Sees Significant Decrease in Short Interest

Leading Edge Materials Corp. (OTCMKTS:LEMIF) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 19,674 shares, a drop of 60.0% from the July 15th total of 49,154 shares. Based on an average daily volume of 47,162 shares, the days-to-cover ratio is presently 0.4 days.

Leading Edge Materials Price Performance

Shares of LEMIF traded down $0.01 during trading hours on Friday, reaching $0.19. The stock had a trading volume of 7,500 shares, compared to its average volume of 46,698. Leading Edge Materials has a 52 week low of $0.12 and a 52 week high of $0.32. The firm has a 50-day moving average of $0.20 and a 200 day moving average of $0.21.

Leading Edge Materials Company Profile

Leading Edge Materials (OTCMKTS:LEMIF) is a resource company focused on the exploration and development of critical metals that play a key role in the transition to clean energy. The company’s primary activities center on advanced-stage projects for graphite and rare earth elements, as well as early‐stage exploration assets targeting lithium and other technology metals. Through a combination of strategic acquisitions and greenfield discoveries, Leading Edge Materials aims to establish itself as a reliable supplier of battery‐grade raw materials to global markets.

The company’s flagship asset is the Woxna Graphite Mine in central Sweden, one of Europe’s few operating graphite deposits.