Peruvian Metals Corp (OTCMKTS:DUVNF) Sees Significant Increase in Short Interest

Peruvian Metals Corp (OTCMKTS:DUVNF) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 35,477 shares, a growth of 384.4% from the April 30th total of 7,324 shares. Based on an average daily volume of 438,044 shares, the short-interest ratio is presently 0.1 days.

Peruvian Metals Price Performance

Peruvian Metals stock remained flat at $0.20 during midday trading on Thursday. The company had a trading volume of 37,970 shares, compared to its average volume of 108,104. Peruvian Metals has a 1 year low of $0.01 and a 1 year high of $0.24. The business’s 50 day moving average is $0.16 and its two-hundred day moving average is $0.10.

Peruvian Metals Company Profile

Peruvian Metals Corp is a Canada-based mineral exploration company focused on the acquisition, exploration and development of copper, gold, silver and molybdenum porphyry projects in Peru. The company holds three principal projects—Breapampa, Huacrón and Parihuanca—located in the southern highlands of Peru, each of which lies within proven mining districts and exhibits evidence of porphyry-style mineralization. Peruvian Metals employs systematic mapping, surface sampling and geophysical surveys to define drill targets and advance its projects toward resource delineation.

The Breapampa and Huacrón projects are being advanced under a joint?venture agreement with a major international mining group, whereby Peruvian Metals can earn up to a 70% interest through staged exploration expenditures and work commitments.