Pure Egy Minrls (OTCMKTS:PEMIF) Short Interest Update

Pure Egy Minrls (OTCMKTS:PEMIF) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 33,258 shares, an increase of 241.1% from the May 14th total of 9,750 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,997 shares, the short-interest ratio is currently 1.2 days.

Pure Egy Minrls Trading Up 2.7%

Shares of OTCMKTS PEMIF traded up $0.00 during mid-day trading on Thursday, hitting $0.17. The company had a trading volume of 15,500 shares, compared to its average volume of 25,145. Pure Egy Minrls has a 12 month low of $0.10 and a 12 month high of $0.50. The firm’s 50 day simple moving average is $0.24 and its two-hundred day simple moving average is $0.23.

About Pure Egy Minrls

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.