Pure Energy Minerals Limited (OTCMKTS:PEMIF) Sees Significant Growth in Short Interest

Pure Energy Minerals Limited (OTCMKTS:PEMIF – Get Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 74,600 shares, an increase of 1,863.2% from the April 30th total of 3,800 shares. Based on an average daily trading volume, of 292,000 shares, the days-to-cover ratio is currently 0.3 days.

Pure Energy Minerals Stock Performance

PEMIF stock remained flat at $0.74 during midday trading on Friday. The company’s stock had a trading volume of 23,677 shares, compared to its average volume of 89,918. The firm has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $0.40. Pure Energy Minerals has a 12 month low of $0.21 and a 12 month high of $0.95.

About Pure Energy Minerals

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Pure Energy Minerals Ltd. is a mineral resource company, which engages in the exploration and development of mineral properties. It focuses on lithium brine projects that are located in Clayton Valley, Nevada and Salta Province, Argentina. The company was founded by Jeremy Poirier on June 7, 1999 and is headquartered in Vancouver, Canada.