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

Leading Edge Materials Corp. (OTCMKTS:LEMIF) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 39,510 shares, an increase of 100.8% from the July 30th total of 19,674 shares. Based on an average daily trading volume, of 13,346 shares, the short-interest ratio is presently 3.0 days.

Leading Edge Materials Price Performance

Shares of OTCMKTS LEMIF opened at $0.19 on Monday. Leading Edge Materials has a 52-week low of $0.12 and a 52-week high of $0.32. The business has a fifty day moving average of $0.20 and a two-hundred 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.