Leading Edge Materials Corp. (OTCMKTS:LEMIF) Short Interest Down 46.6% in February

Leading Edge Materials Corp. (OTCMKTS:LEMIF) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 15,700 shares, a drop of 46.6% from the February 13th total of 29,400 shares. Based on an average daily volume of 504,700 shares, the short-interest ratio is presently 0.0 days.

Leading Edge Materials Price Performance

Shares of LEMIF stock traded up $0.02 during midday trading on Friday, reaching $0.18. 49,049 shares of the company traded hands, compared to its average volume of 96,566. The firm’s 50 day simple moving average is $0.09 and its two-hundred day simple moving average is $0.08. Leading Edge Materials has a 1-year low of $0.05 and a 1-year high of $0.23.

About Leading Edge Materials

Leading Edge Materials Corp. engages in the exploration and development of resource properties in Canada, Sweden, and Romania. It primarily explores for graphite, lithium, nickel, cobalt, and rare earth elements. The company holds a 100% interest in the Woxna graphite project that includes four concessions consisting of Kringelgruven, Mattsmyra, Gropabo, and Mansberg located in Gavleborg County, central Sweden.