Short Interest in Prime Mining Corp. (OTCMKTS:PRMNF) Declines By 18.4%

Prime Mining Corp. (OTCMKTS:PRMNF) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 596,700 shares, a decline of 18.4% from the December 15th total of 731,500 shares. Based on an average daily volume of 33,800 shares, the days-to-cover ratio is presently 17.7 days.

Prime Mining Stock Up 3.8 %

Prime Mining stock opened at $1.07 on Friday. The firm’s 50 day simple moving average is $1.04 and its 200 day simple moving average is $1.21. Prime Mining has a 1-year low of $0.83 and a 1-year high of $1.89.

About Prime Mining

Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company explores for gold and silver deposits. It primarily holds a 100% interest in the Los Reyes project that consists of 37 contiguous concessions covering an area of 6,273 hectares located in Sinaloa, Mexico.