Perseus Mining Limited (OTCMKTS:PMNXF) Sees Significant Growth in Short Interest

Perseus Mining Limited (OTCMKTS:PMNXF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 2,671,100 shares, an increase of 27.5% from the November 15th total of 2,094,700 shares. Based on an average daily trading volume, of 482,700 shares, the days-to-cover ratio is currently 5.5 days.

Perseus Mining Stock Performance

Shares of PMNXF stock remained flat at $1.74 during mid-day trading on Monday. 1,951 shares of the stock traded hands, compared to its average volume of 23,024. The company has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.70. Perseus Mining has a 1 year low of $0.96 and a 1 year high of $2.06.

Perseus Mining Company Profile

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana; and the Sissingué and Yaouré gold mine projects located in Republic of Côte d’Ivoire. It also holds 70% interest in the Meyas Sand gold project in Sudan.