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

Pure Energy Minerals Limited (OTCMKTS:PEMIF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,700 shares, an increase of 29.5% from the August 15th total of 4,400 shares. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is presently 0.3 days.

Pure Energy Minerals Price Performance

Shares of OTCMKTS PEMIF traded down $0.03 during midday trading on Monday, hitting $0.20. The company’s stock had a trading volume of 35,500 shares, compared to its average volume of 21,203. The business’s fifty day simple moving average is $0.22 and its two-hundred day simple moving average is $0.25. Pure Energy Minerals has a 1 year low of $0.15 and a 1 year high of $0.80. The firm has a market capitalization of $6.83 million, a price-to-earnings ratio of -10.05 and a beta of 1.17.

Pure Energy Minerals Company Profile

Pure Energy Minerals Limited acquires, explores, and develops mineral properties. Its primary project is the Clayton Valley lithium brine project located in Clayton Valley, Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012.