Manganese X Energy Corp. (OTCMKTS:MNXXF) Sees Large Decrease in Short Interest

Manganese X Energy Corp. (OTCMKTS:MNXXF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 22,273 shares, a decrease of 57.9% from the November 30th total of 52,959 shares. Based on an average trading volume of 132,973 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 132,973 shares, the days-to-cover ratio is currently 0.2 days.

Manganese X Energy Price Performance

Shares of MNXXF stock traded down $0.01 during trading hours on Friday, reaching $0.09. 98,356 shares of the stock were exchanged, compared to its average volume of 101,160. Manganese X Energy has a 12-month low of $0.02 and a 12-month high of $0.13. The company’s 50-day moving average price is $0.08 and its 200-day moving average price is $0.06.

Manganese X Energy Company Profile

Manganese X Energy (OTCMKTS: MNXXF) is a mineral exploration and development company dedicated to advancing manganese projects for the battery and electric-vehicle markets. The company’s core focus is on identifying, acquiring and de-risking high-purity manganese deposits through systematic exploration, metallurgical testing and pilot-scale processing. By targeting manganese—a critical component in lithium-ion battery cathodes—Manganese X Energy aims to contribute to the growing demand for sustainable energy storage materials.

Through its technical programs, the company evaluates both hard-rock and oxide manganese occurrences, applying hydrometallurgical flowsheets to produce battery-grade manganese sulfate and other refined products.